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Papichulo Group
In this Group: Berta, Maria Antonieta, Matilde, David, Maria Virginia, Mariel*, Rosario, Damiana, Alicia, Harold Igor*
* not pictured
The communal bank "Papichulo" has 10 members, 8 of whom are women and 2 are men. It is a cheerful group, since the members have known each other for a long time. N. Berta is the president of the group. She is separated and has 2 small children who are in school. N. Berta has a business selling chicken from a door in her home. She sells every day in order to be able to support her children. They live in a large house where there are a lot of tenants who pay rent. They expect to grow gradually and to acquire a small piece of land.

The rest of the group is involved in different businesses such as the sale of food, hamburgers, clothing, CDs, and services including public transportation and a beauty salon. Some of the members have a fixed business location in the market and others are street vendors, but this is not a problem because they have their customers and they are able to generate an income that supports their families.

The group in general has quite a bit of experience in their businesses, having regular customers and customers who recognize their efforts. On the other hand the confidence and unity of the group is important, since 90% of the group has already worked with similar institutions and they know how to work in a solidarity group.

The current loan will be used for working capital for their business operations. They will buy merchandise, supplies and materials to increase their sales and improve the quality of life for their families. David will use his loan to purchase spare parts for his vehicle. As for the competition, it is always present, but the members know that to get ahead takes effort, dedication and hard work because the livelihood of their families and the welfare of their children depend on it.
View original language description ↓
El banco comunal “Papichulo” esta conformado por 10 socios los cuales 8 son mujeres y 2 varones, se caracteriza por ser un grupo alegre ya que se conocen años atrás. N. Berta es la presidenta del grupo es separada tiene 2 hijos pequeños que van a la escuela, N. Berta tiene venta de pollos en la puerta de su casa ya que vende todos los días para poder mantener a sus hijos, viven en una vivienda grande donde existe varios inquilinos y paga alquiler, sus expectativas son de crecer poco a poco y adquirir un pequeño terreno. El resto del grupo se dedica a diferentes actividades como venta de comida, hamburguesas, ropa, cds y al servicio de transporte publico de pasajeros y la atención en salones de belleza, algunas tienen su puesto fijo en el mercado y otras son vendedoras ambulantes pero eso no les impide para que tengan sus clientes y puedan obtener un ingreso para el sustento de sus familias. El grupo en general tiene bastante experiencia en sus negocios ya que cuentan con clientes fijos y al mismo tiempo cuentan con clientes que reconocen su esfuerzo por otro lado es importante la confianza y la unidad del grupo ya que el 90% del grupo ya trabajo en instituciones similares y saben como trabajar en grupos solidarios. El presente crédito será utilizado para capital de operaciones y para la adquisición de mercadería, insumos y materiales para incrementar su ventas y mejor la calidad de vida de sus familias el señor David destinará su crédito a la compra de repuestos para su vehículo. En cuanto a la competencia si bien esta siempre esta presente las socias saben salir adelante con esfuerzo, dedicación y trabajo ya que de ello depende el sustento de su familia y el bienestar de sus hijos.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Bolivia

  • $5,500
    Average annual income
  • 233
    View loans »
    Bolivia Loans Fundraising
  • $31,613,325
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD