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Corazon De Oro Group
In this Group: Francisca, Loida Roxana, Veronica, Delia Clime, Dominga Albertina, Natividad, Reyna, Cecilia
The CORAZON DE ORO (Heart of Gold) communal bank starts its 10th cycle within the Germán Busch Focal Center. It has been renewed and has many new members as is the case of the President and Recording Secretary. However, for the post of Treasurer Francisca, who has been in 9 previous cycles, was elected which will place a person with experience on the governing board. This communal bank has 8 members.

Francisca is a mature, 52 year old, married woman. She has made macramé decorations on blankets for 30 years. She works at home which allows her to do her household chores too. Sales are also home based. The $650 USD loan will be used to buy raw materials.

The other group members are in a variety of business activities. Among them are: macramé on blankets, clothing store, blanket weaving, notebook making, macramé on blankets, spice sales and vicuña blanket sales.
View original language description ↓
La A.C. CORAZON DE ORO inicia su ciclo Nº 10 en el Centro Focal de Germán Busch. Como grupo se ha renovado, cuenta con muchas socias nuevas, como es el caso de la Presidenta y la Secretaria de Actas, sin embargo, para el cargo de tesorera eligieron a la señora Francisca, quien cuenta con nueve ciclos de antigüedad, lo que les permitirá contar en la mesa directiva con una persona con experiencia. Esta asociación está compuesta por ocho mujeres.

La señora Francisca es una mujer madura de 52 años de edad, casada. El negocio de la señora Francisca es el de realizar macramé a las mantas, ha desarrollado el mismo desde hace treinta años. Esta labor es realizada en su domicilio, lo que le permite cumplir con las tareas de hogar. Las ventas también son realizadas en su casa. El crédito solicitado de $us 650.- será invertido en la compra de materia prima.

Con respecto a los negocios que llevan adelante el resto de integrantes de la asociación son variados, como: macramé de mantas, tienda de ropa, producción de mantas, elaboración de cuadernos, macramé de mantas, venta de condimentos y venta de mantas de vicuña.

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
  • 112
    View loans »
    Bolivia Loans Fundraising
  • $29,572,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Corazon De Oro Group's $2,250 loan helped a member to buy macramé supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2010
Listed
Oct 31, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2011