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Picaflor Group
In this Group: Elizabeth Sandra, Arminda, Alejandra Victoria, Martha, Teresa, Edgar, Consta Magdalena, Margarita
The “PICAFLOR” (Hummingbird) communal bank is organizing its second cycle in the VILLA EXALTACIÓN Focal Center. It has a governing board that leads the association that is composed of a President, Treasurer and Recording Secretary. The president is Arminda who is a locksmith.

The Recording Secretary is Elizabeth. She is a general merchant who sells seasonal items. Her first loan was for Bs.500 and she is currently requesting Bs.2000. Her husband helps her with the business.

The members of the communal bank are seven women and one man. They have a variety of businesses like: seamstress services, meat sales, lamb meat sales, locksmith services, fruit sales, salchipapas (fried potatoes and fried sausages) sales, grocery and prepared food sales.
View original language description ↓
La Asociación Comunal “PICAFLOR” se organiza para su segundo ciclo en el Centro Focal de VILLA EXALTACIÓN, tiene una mesa directiva que dirige a la asociación, está compuesta por Presidenta, Tesorera y Secretaria de Actas. La presidenta, doña Arminda se dedica a la cerrajería.

En el caso de la Secretaria de Actas, la señora Elizabeth, se dedica a negociar con mercadería en general, productos de temporada. Su primer crédito fue de Bs.500 .- y actualmente ha solicitado un crédito de Bs. 2000.-, ella recibe la ayuda de su esposo para llevar adelante este negocio.

Las integrantes de la asociación comunal, son siete mujeres y un varón. Tienen negocios diferentes, como: costurera, venta de carne, venta de carne de oveja, cerrajería, venta de fruta, venta de salchipapa, venta de víveres y venta de comida

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
  • 99
    View loans »
    Bolivia Loans Fundraising
  • $28,227,600
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Picaflor Group's $1,825 loan helped a member for merchandise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2010
Listed
Aug 18, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011