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Barrio Lindo Group
In this Group: Cecilia, Martha, Virginia, Reyna Encarna, Lorenza, Lucia, Maria, Paulina
The “BARRIO LINDO” (Lovely Neighborhood) communal bank is starting its first cycle in Panamericana Focal Center. It is composed of 8 women who have decided to unite to request a loan.

“Barrio Lindo” has elected Cecilia as President. She, as well as the association, is enthusiastic about starting this new experience.

The business that Cecilia is in consists of seasonal crafts. She states that she learned from a niece. She has had her own business for two years.

This initial loan is for Bs.500 and she intends to invest it in work materials. Her family, partner and two children, help her make the crafts.

The other group members also have their own businesses: sale of “rellenos de papa” (stuffed potatoes), vicuña wool weavings, skirt making, blanket weaving, neighborhood grocery store and crafts.
View original language description ↓
La asociación comunal “BARRIO LINDO” está iniciando su primer ciclo en el centro focal de Panamericana. Esta conformada por 8 mujeres que han decidido unirse para solicitar un crédito.

La asociación “Barrio Lindo” ha elegido a la señora Cecilia como presidenta, ella así como su asociación se ven muy animadas al emprender esta nueva experiencia.
El negocio que desarrolla la señora Cecilia es el de artesanías de acuerdo a la época, comenta que aprendió de una sobrina, desde hace dos años tiene su propio negocio.
Este primer crédito es de Bs. 500.- y piensa invertirlo en material de trabajo. Para elaborar las artesanìas recibe el apoyo de su familia, es decir su pareja y sus dos hijos.

Las otras integrantes de la asociación también tienen sus propios negocios: venta de comida “rellenos de papa”, tejido en lana de vicuña, costura de enaguas, tejido de mantas, tienda de barrio, artesanìas.

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
  • 233
    View loans »
    Bolivia Loans Fundraising
  • $31,613,325
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Barrio Lindo Group's $1,275 loan helped a member for various materials, for example: wool.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2010
Listed
Sep 23, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011