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Fortaleza Group
In this Group: Geoma, Wiliberto, Adelaida, Cristina, Maria Ines, Enriqueta, Bertha Eliana, Fransisca
The Fortaleza (Strength) communal bank meets at the German Busch Focus Center every two weeks. The group president is Geoma Urquizo who has sold shoes with her husband for the past 5 years; they know this business very well. She is asking for 1500 bolivares to buy raw materials.

Geoma and her husband organize themselves to tend to their business and to their family not neglecting either task. Her husband makes the shoes and Geoma sells them on Thursdays and Sundays.

The other group members are in a variety of commercial, production and service activities.
View original language description ↓
En el Centro Focal German Busch, se reúnen cada dos semanas la Asociación Comunal Fortaleza. Su presidenta es Geoma Urquizo que tiene el negocio de venta de calzados ella trabaja con su esposo hace 5 años y conocen muy bien el mercado, en esta oportunidad esta solicitando Bs.- 1500 y tiene planificado comprar materia prima.
Geoma y su esposo se organizan para atender su negocio y su familia y no descuidar ambas tareas, así su esposo es quien produce los calzados y Geoma los días Jueves y Domingo vende sus productos.
Las demás integrantes de este grupo tienen diferentes actividades que se dedican al comercio, producción y servicio.

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

  • $2,817
    Average annual income
  • 133
    View loans »
    Bolivia Loans Fundraising
  • $29,669,675
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Fortaleza Group's $1,025 loan helped a member to buy raw materials.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2010
Listed
Jun 11, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010