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Margaritas Group
In this Group: Claudia, Gaby Guadalupe, Concepción Rosa, Teodora, Juana, Petrona , Beatriz, Manuela, Maritza Silveria, Viviana, Irene
The Communal Bank "Margaritas" (Daisies) is in its eleventh cycle with Pro Mujer, as part of the Germán Busch Community Center. They are an enthusiastic group who chose the name Margarita in honor of the woman who is head of the Community Center, a respected woman whom they have appreciated a great deal since they formed their group. They also say that the center is a place where they can share and enjoy the company of their companions.

There are 11 members in the group. Their businesses are diverse: a cleaning service in a public restroom, bed spread macramé, handicrafts on bags, baby bottle sales, costume sales, flaxseed sales, sale of food, breakfast, and refreshments, handicrafts sales, and shake sales.

The president of the communal bank, Claudia, is a mother of two children. She joined the communal bank because she needed to raise money to advance her business selling breakfast, lunch, and tea at the bus stop in the Parque Ecológico (Ecological Park) in La Paz. The loan that she has requested is for Bs. 2000, which will be used to purchase sugar, fideo noodles, cooking oil, and potatoes wholesale.
View original language description ↓
La B.C. “Margaritas” inicia su onceavo ciclo en Pro Mujer, como parte del Centro Focal de Germán Busch, es un grupo entusiasta, comenta que lleva el nombre de Margarita, en honor a la Jefe de Centro Focal, quién es una señora respetable a quién apreciaron mucho desde la formación del grupo. Tambien, ellas comentan que es un espacio en el que pueden compartir y aprovechar de la compañía de sus compañeras. Está compuesta por once integrantes. Los negocios son diversos: servicio de limpieza en un baño público, macramé en mantas, artesanía en bolsitas, venta de biberones, venta de frazadas, venta de linaza, venta de comida y desayuno y refrescos, artesanía, venta de batidos.

La presidenta de la banca comunal, señora Claudia es madre de 2 niños, ingresó a formar parte de la banca comunal porque necesitaba capitalizarse para llevar adelante su negocio de venta de desayuno – almuerzo – te, en la parada de los buses del parque Ecológico de la ciudad de La Paz. El préstamo que ha solicitado es por Bs.2000.- y será invertido en la compra de azúcar, fideo, aceite, papa por mayor.

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
  • 80
    View loans »
    Bolivia Loans Fundraising
  • $29,414,475
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Margaritas Group's $3,375 loan helped a member purchase sugar, fideo noodles, oil, and potatoes wholesale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2010
Listed
Nov 24, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011