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21 De Octubre Group
In this Group: Elizabeth, Carmen Rosa, Beltran, Lourdes, Sonia, Martha, Anazulema, Dionicia, Alejandrina, Primitiva, Wilma Rosa
Elizabeth A. is 28 years old, married, and living in the 21 de Octubre area for the past two years. She has two businesses, one of which is selling food and the other is the plaiting of ponchos. Currently, she plans to invest loan proceeds in her food business, given that the returns are greater. The remaining participants, members of both the 21 de Octubre Communal Association and the Centro Focal Panamericana, have businesses such as the weaving of multicolored cloth (colored fabric), cosmetics sales, dry groceries sales, and pastry making.
View original language description ↓
Elizabeth A. de 28 años, es casada y vive en la zona 21 de Octubre hace dos años, ella tiene dos negocios uno de ellos es vender comida y otro es trensado de mantas y en esta oportunidad tiene planificado invertir en el negocio de comida el préstamo, ya que tienen mayor retorno.
Las demás integrantes de la Asociación Comunal 21 de Octubre que a su vez pertenece al Centro Focal Panamericana, tienen negocios como el tejido de aguayos (tela colorida), venta de cosméticos, venta de alimento seco y elaboración de masitas.

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
  • 195
    View loans »
    Bolivia Loans Fundraising
  • $31,409,250
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 21 De Octubre Group's $2,075 loan helped a member purchase of raw materials.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2010
Listed
May 9, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010