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El Pajonal Group
In this Group: Elizabeth, Jackelin, Luz Nardy, Adela, Miguel*, Maria Eugenia, Elizabeth, Flor Mariela, Ana Bella, Gregoria Eva, Dolores, Silvia
* not pictured
The “El Pajonal” communal bank is represented by Elizabeth and is maD. up of 12 members, 11 women and one gentleman. This bank is characterized by the unity and hard working nature of its members. Elizabeth is married and has two young children who attend school. She sells food in her neighborhood and her husband helps her with the household expenses. He works in public transportation. They live in a small rented house. Elizabeth expects to grow her business little by little and be able to buy some land on which to build a home of their own.

The rest of the group does different things. Most sell food on foot or in fixed locations. One member is a taxi driver, and others sell beauty products through catalogs. The group as a whole has plenty of experience running small businesses and the members are well known at the various fairs where they sell their products. Even though there is a lot of competition in their fields, they can count on their experience and regular customers who know of their businesses and insist on their services. They are also very enthusiastic about what they do.

They will use the money from this loan to proviD. working capital, to buy tools and supplies, in order to improve their work. Miguel will use his portion to buy repair parts for his vehicle.

The group will continue to work and take advantage of this financing in order reach their goals. The bank has plenty of experience with loans, as this is not the first time that they have borrowed money; however this will be first loan through our institution. The group has already demonstrated that its members are responsible and punctual.
View original language description ↓
El banco comunal "El Pajonal" esta representado por la señora Elizabeth y está conformado por 12 socios D. los cuales 11 son mujeres y un varón, este banco se caracteriza por ser muy unido y trabajador. La señora Elizabeth es casada y tiene 2 hijos pequeños que van al colegio, ella se dedica a la venta D. comida en su barrio, y su marido que le ayuda con los gastos D. la casa se dedica al transporte D. pasajeros, ellos viven en una pequeña casa por la cual pagan un alquiler, las expectativas D. la señora Elizabeth son D. crecer poco a poco y poder comprase un terreno para construir un techo para su familia. El resto del grupo se dedica a diferentes actividades, la mayoría venD. comida ya sea D. manera ambulante o en puestos fijos, un socio es taxista y las otras socias son promotoras D. productos D. belleza que se venden por catálogo. 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, comprando mercadería, insumos y herramientas para mejorar su trabajo, el señor Miguel destinara su crédito a la compra D. repuestos para su vehículo. 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 es el primer financiamiento que da nuestra institución y durante todo el tiempo D. relación comercial ellos demostraron ser personas responsables y puntuales.

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
  • 182
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD