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Farolitos Group
In this Group: Bertha Maxima, Concepcion Teodora , Veronica Miriam, Gabriela, Virginia Brigida, Giovana, Nelvy Adriana, Sandra Elizabet, Jesus Ignacio, Monica
The group “Farolitos” is represented by Mrs. Bertha Maxima and maD. up of 10 members, only one of whom is a man. This bank is characterized by being very united and happy. Mrs. Bertha Maxima, the group’s president is married. Her husband’s name is Gregorio. They have three children who are in high school. Their eldest daughter lives on her own in her own home. Mr. Gregorio works as a mini-bus driver in the city of El Alto to maintain his family. They live in a small rented house. Bertha Maxima and her husband hope to grow, bit by bit, and be able to buy a home. She sells artisan blankets for a living and would like to be able to increase her merchandise and earn a better income which would be useful for improving her children’s quality of life.

The rest of the group have different businesses like selling clothing (for children, accessories, lingerie) either by foot or in fixed stalls. One member sells writing materials, others sell food. In general, the group has a lot of experience with the businesses they do and this is why they are known in the fairs where they sell their products. Even though competition is pretty high in general, the group can count in its' experience and also on regular customers who know their work and require their services. On the other hand, the enthusiasm they have for what they do is important.

This loan will be used for working capital to purchase ingredients, materials, and merchandise to increase their sales and improve their incomes. This will allow them to proviD. more stable homes for their families. The group hopes to continue working and above all with financing to help them achieve their goals. This bank has ample experience with loans since this is not the first time they have applied for a loan. For example, this is the second time around they proved themselves responsible and honest so they can continue to grow.
View original language description ↓
El grupo “Farolitos” esta representado por la señora Bertha Maxima y conformada por 10 D. las cuales solo hay 1 miembros varones y el retos esta conformado por mujeres, este banco se caracteriza por ser muy unido y alegre. La señora Bertha Maxima que es la presidenta del grupo está casada su esposo se llama Gregorio ambos tienen 3 hijos que van al colegio, la hija mayor vive D. forma independiente conformando su propio hogar, El señor Gregorio trabaja como chofer D. mini bus en las cuidad D. El Alto para poder mantener a su familia, viven en una pequeña casa por la cual pagan un alquiler, las expectativas D. Bertha Maxima y su esposo son D. crecer poco a poco y poder comprase una casa, ella se dedica a la venta D. mantas artesanales y desea poder agrandar su mercadería para obtener un mejor ingreso que pueda ser útil para mejorar la calidad D. vida D. sus hijos. El resto del grupo se dedica a diferentes actividades, la mayoría se dedica a diferentes actividades como venta D. ropa (para niños, accesorios, lencería) ya sea D. manera ambulante o en puestos fijos, una socia se dedica a la venta D. material D. escritorio otras son vendedoras D. comida. El grupo en general tiene bastante experiencia en los negocios que desempeñan y es por esta razón que son conocidos en las ferias donD. venden sus productos. Si bien la competencia en general es bastante amplia, el grupo cuenta con experiencia y también con clientes fijos que reconocen su trabajo y demandan sus servicios, por otra parte es importante el entusiasmo que ponen a lo que hacen. El presente crédito será utilizado como capital D. operaciones, para la compra D. Insumos, materiales y mercadería para ampliar sus ventas y mejorar sus ingresos permitiendo darles un hogar mas estable a sus familias. La expectativa que tiene el grupo es D. seguir trabajando y contando sobre todo con financiamiento para poder alcanzar sus metas. El banco tiene bastante experiencia crediticia ya que no es la primera vez que obtienen un crédito, el presente por ejemplo es su segundo ciclo en la cual han demostrado responsabilidad y honestidad para seguir creciendo.

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
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD