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Santa Barbara Group
In this Group: Nancy, Cristina, Zara, Ines, Teodora, Rose Marie, Eulogia Florentina, Erika Esther
The Santa Bárbara Communal Bank is a long-standing group. The group is starting its 28th cycle as part of the Santiago II Community Center. There are eight members. It is headed by the board of directors comprised of the president, treasurer, and the secretary; which is the norm for the institution.

Nancy is the president. She makes baby clothes. She studied knitting with a machine, and little by little she “raised her business”. She has been in this business for 20 years. This is her ninth cycle as part of the Santa Bárbara Communal Bank.

She used her first loan for 1,000 Bs to buy wool. Her current request is for 3,000 Bs, which she will also use to buy different colors and textures of wool. Once she has made the baby clothes she sells them in the Tihuanacu fair on Thursdays and Saturdays from four to seven at night.

As Nancy has established her business, the rest of the members have also established theirs. Among them is making sportswear, selling wool from alpacas and sheep, selling baby clothes, selling sweaters, selling detergents, embroidery, and selling various things.
View original language description ↓
La Asociación Comunal “Santa Bárbara” es un grupo antiguo, está iniciando su ciclo número 28, es parte del Centro Focal de Santiago II, cuenta con ocho integrantes, a la cabeza de la misma se encuentra una mesa directiva compuesta por Presidenta, Tesorera y Secretaria, de acuerdo a la norma de la institución.

La presidenta, doña Nancy se dedica la elaboración de ropa para bebé, estudió tejido a máquina y poco a poco “levantó su negocio”, actualmente son 20 años que desarrolla esta actividad. Este es su noveno ciclo como parte de la asociación “Santa Bárbara”. Su primer crédito de Bs.1000.- le sirvió para comprar lana, la solicitud actual es por Bs.3000.-, el mismo que también invertirá en la compra de lana, en diferentes colores y texturas. Una vez elaborada la ropa de bebé ella la vende en una Feria llamada “Tihuanacu” los días jueves y sábado de horas cuatro a siete de la noche.

Así como doña Nancy ha establecido su negocio , el resto de las socias también tienen los suyos,entre ellos tenemos: elaboración de Deportivos, venta de lana de alpaca y oveja, venta de ropa de bebé, venta de chompas, venta de detergentes, bordados, venta de artículos varios.

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
  • 109
    View loans »
    Bolivia Loans Fundraising
  • $28,248,925
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Barbara Group's $3,050 loan helped a member buy different colors of wool wholesale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2010
Listed
Aug 22, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011