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Sol Naciente Group
In this Group: Mario, Wilma, Luis*, Guadalupe, Celia Mery, Felipa, Rossmery, Nelly Roxana, Nelly, Saul Rimber, Remedios Marcela, Edgar
* not pictured
The group "Sol Naciente" is represented by Mario. It is composed of 12 members, comprising 8 women and 4 men, all of whom are residents of the same suburb. They are very capable and hard-working people. Mario works as a cobbler in the centre of El Alto Son city. He is the father of a family of 3 children, all school age, and is married. His wife is a seamstress and works from home to look after the children. This loan is destined for the purchase of machines to open a shoe workshop, where Mario can make his own line of shoes and grow the business to give his family a better standard of living. The rest of the members work selling quilts, cleaning products, clothes, shoes, hats, and providing laminating services and plumbing. For the members, competition isn't important as in the majority of cases they have consolidated their businesses, and have years of experience running them, and they remember the way things were previously. The use of this loan is for working capital, such as purchasing goods, materials and work tools. All of the members have experience with loans, owing to having had loans from similar institutions. This is their first round within the institution and they are very satified about the support and confidence the institution has bestowed on them.
View original language description ↓
El grupo “Sol Naciente” esta representado por el señor Mario compuesto por 12 miembros compuesta D. 8 mujeres y 4 varones los mismos que son residentes del mismo barrio demostrando siempre ser personas capaces y muy trabajadoras. El señora Mario trabaja como zapatero en el centro D. la ciudad D. El alto son, es padre D. familia D. 3 niños en edad escolar y es casado su esposa se dedica a la costura D. prendas D. vestir y atienD. en su domicilio para atender a sus hijos, el destino del crédito es la compra D. maquinarias para apertura un taller D. calzados en las cuales pueda confeccionar su propia línea D. zapatos y crecer para darles a sus familias una mejor calidad D. vida. El resto D. los socios se dedican a la venta D. edredones, productos D. limpieza, ropa, calzados, sombreros, servicio D. empastados y plomería. La competencia para los socios no es importante, en la mayoría D. las socias tienen consolidada, tienen mucha experiencia en el manejo D. sus negocios D. acuerdo al comportamiento D. las épocas. El uso del préstamo es para capital D. trabajo, con la compra D. insumos, materiales y herramientas D. trabajo. Todos los socios tienen experiencia en créditos solidarios debido a créditos en instituciones similares, ahora se encuentran en un primer ciclo dentro D. la institución y se encuentran satisfechas por el apoyo y la confianza brindad por la institución.

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
  • 200
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD