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11 De Octubre Group
In this Group: Claudia, Santusa, Lucia, Gladys Julia, Janet Maruja, Antonia, Marcelina, Maria Antonieta, Jakelinne Adelaida, Elvira, Brígida Carmen
October 11 is a group of 11 women who attend the meeting in the Villa Adela Center. They have been getting together recently to access the loan that they all need to increase their working capital. They all have various businesses such as selling food, chicken meat, perfume, books, bread, desserts, cotton braids and confections. One of the members is 43-year-old Claudia J.. He has been selling seasonings in different markets of the city of El Alto, offering his products as a street vendor and needs the loan to purchase better merchandise. Led by the board, they organize during their meetings and agree on the rules of procedure, which enables them to come to agreement in each one of the meetings regarding training and payment.
View original language description ↓
“11 de Octubre” es un grupo de 11 señoras que asisten a sus reuniones en el Centro Focal “Villa Adela”, se agruparon hace poco por la necesidad de acceder al préstamo ya que todas necesitan incrementar su capital de trabajo. Todas tienen diversos negocios como la venta de comida, carne de pollo, perfumes, libros, elaboración de pan, elaboración de pasteles, trensado de manta y repostería.
Una integrante es Claudia J. de 43 años, ella vende condimentos hace 7 años en diferentes ferias de la ciudad de El Alto, ofreciendo sus productos persona a persona (ambulante) y necesita el préstamo para comprar mayor mercadería.

Liderizadas por la mesa directiva todas se organizan para llevar adelante su reunión y ponerse de acuerdo en el reglamento interno, ya que les permitirá un desembolvimiento adecuado en cada una de las reuniones de pago y capacitación.

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
  • 236
    View loans »
    Bolivia Loans Fundraising
  • $31,613,325
    Funds lent in using Kiva
  • 7.2
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 11 De Octubre Group's $3,700 loan helped a member purchase of merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2010
Listed
May 8, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2010