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Calacoto Group
In this Group: Celestina, Valeia, Elvira, Maria Elena, Mauricia, Francisca, Candelaria, Julia, Benedicta, Julia
The Calacoto community bank was formed by members of the German Busch Focus Center to apply for a first loan. The bank has ten members who operate various businesses. They formed the group to gain access to health, lending and training skills. Businesses operated by the members include vegetable sales, making and selling traditional textiles called "aguayo", weaving and selling blankets, cookware sales, rug-making, and clothing sales.

Celestina Q. is the president of the community bank. She is a young woman, 28, just starting her own family with her partner. Celestina operates a vegetable sales business. She started the business a year ago and is now applying for a Bs.2000 (2,000 bolivianos) loan to buy wholesale supplies of vegetables to stock her business.
View original language description ↓
La Banca Comunal “Calacoto” se ha agrupado para sacar su primer crédito como socias del Centro Focal de Germán Busch. Esta B.C. está compuesta por diez socias. Ellas tienen diferentes negocios y han conformado un banco comunal para recibir servicios de salud, crédito y capacitación. Los negocios que tienen son venta de verduras, tejido de aguayo, venta de papa, tejido de mantas, venta de ollas, confección de alfombras, venta de medias, venta de ollas y tejido de mantas.

La presidenta se llama Celestina Q. es una mujer joven de 28 años de edad, está iniciando su hogar con su pareja, su negocio es el de venta de verduras. Ella realiza esta venta en un puesto desde hace un año, su solicitud de crédito es por Bs.2000.- para la compra de verduras por mayor y venta diaria en su puesto.

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
  • 200
    View loans »
    Bolivia Loans Fundraising
  • $31,424,025
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Calacoto Group's $2,450 loan helped a member buy merchandise for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2010
Listed
Nov 12, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 22, 2011