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Leo Group
In this Group: Nelly, Felisa, Maria, Magda*, Eulogia, Olga, Tomasa, Martina, Fortunata, Clementina, Jacqueline, Teodora, Graciela, Mabel, Maria*, Beatriz
* not pictured
View original language description ↓
Leo: This word can be interpreted in many different ways, such as lions – or in this case, lionesses. It can also be thought of as a sign of the zodiac, the strongest sign, as well as in many other ways. But according to these businesswomen, these two concepts showcase each of their personalities. Sixteen women make of this group, and for more than six years, they have been each other’s constant and most important companions.

Most of the members devote themselves to preparing fast food, while others prepare more sophisticated dishes in the national tastes, while still others dedicate themselves to making lunches in hotels and restaurants in the area.

Their main concern is the demand that will exist during the folkloric events that will go on during the parties of Carnaval, given that the attendance at these events is massive and they generally consume throughout the entire event. For this reason, they need cash to be able to purchase the needed ingredients for the preparation of their dishes; this way, they can compete in variety and quality with the many other food vendors that will be at these events.



Translated from Spanish by Shannon Skoglund, Kiva volunteer.



Leo; esta palabra puede ser interpretada bajo muchos conceptos, como leones, o en este caso leonas, también es conocido como un signo zodiacal, el mas fuerte del zodiaco, y muchos otros significados mas, pero según las socias, estos dos conceptos encajan en la personalidad de cada una de ellas.

16 mujeres integran esta sociedad, desde hace mas de 6 años, siendo una de las asociaciones destacadas y constantes.



En su mayoría sus integrantes están dedicadas a la preparación y venta de comida en distintas modalidades, algunas se dedican a la preparación de comida rápida, otras a la preparación de platos mas sofisticados de la gastronomía nacional, y otros se dedican a la atención de almuerzos en pensiones y restaurantes de la zona.



Su principal preocupación es la demanda que existirá en aquellas entradas folklóricas a realizarse en las fiestas de carnaval, puesto que la afluencia de gente a estos eventos es masivo y generalmente son consumidores potenciales por la duración misma de los eventos. Por tal motivo ellas precisan de capital para poder realizar la compra de sus insumos necesarios para la preparación de sus puestos, de esta manera poder competir con variedad y calidad ante los muchos otros negocios de comida que existirán para esas fechas.

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
  • 108
    View loans »
    Bolivia Loans Fundraising
  • $28,862,525
    Funds lent in using Kiva
  • 7.5
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Leo Group's $4,850 loan helped a member purchase of needed ingredients to compete for food sales at upcoming holiday events.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 18, 2008
Listed
Feb 1, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2008