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Roca Fuerte Group
In this Group: Antonia, Daniel Severich, Lourdes, Maritza Nena, Patricia, Vedala, María Ximena, Beatriz
The "ROCA FUERTE communal bank is a group of 8 people of which 7 are women and one is a man. This bank belongs to the Villa Exaltación focus center and is beginning its 14th period. During this time the members have been able to get to know each other well.

Each member has her own business, be it in production, sales or services.

The "Roca Fuerte" communal bank's organization is run by the board of directors which is comprised of the president, Mrs. Antonia, the treasurer, Mrs. Maritza and the secretary, Mrs. Maria.

The president, Mrs. Antonia, is 59 years old and lives with her husband and seven children. She has an auto repair shop (brake parts) which she established because her son was knowledgeable in this area. The business is four years old. Her first loan was for US $100 which she used to buy a sewing machine for her first business. With the current loan she plans to buy items for the repair shop.

When asked what she liked most about the lending institution the president responded saying it was the training and savings.
View original language description ↓
La Asociación Comunal “ROCA FUERTE”, es un grupo de 8 personas, 7 mujeres y un varón. Esta Banca Comunal es parte del centro focal de Villa Exaltación, están iniciando su ciclo número 14, durante este tiempo las socias han tenido tiempo para conocerse entre sí.

Cada una de ellas tiene negocio propio, de diferentes tipos ya sean productivos, de comercio y de servicio.

Para su organización, el banco comunal “Roca Fuerte” cuenta con una mesa directiva integrada por una presidenta, la señora Antonia, una tesorera, la señora Maritza y una secretaria de actas, la señora Maria.

La Presidenta, la señora Antonia, es una mujer de 59 años de edad, vive con su esposo y es madre de siete hijos. El negocio de la señora Antonia es "taller de balatería" (balata es la pieza del automóvil referido al freno) la iniciativa fue de de su hijo pues conocía del rubro, el negocio ya tiene cuatro años. Su primer crédito fue de $us100.- y le sirvió para comprar maquinas de coser, ese fue su primer negocio. En este ciclo comprará material para el taller de balatería.
Cuando se le consulta a la señora presidenta que es lo que le gusta de la institución, ella responde la capacitación y el ahorro.

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
  • $28,250,825
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Roca Fuerte Group's $2,500 loan helped a member to buy auto repair parts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2011
Listed
Feb 5, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011