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Sol Naciente Group
In this Group: Maruja, Wilma, Nelly, Julia, Juana, Elda, Gregoria, Remedios, Martha*, Juana*, Juana, Maria Del Carmen, Vicky, Elizabet, Amparo
* not pictured
View original language description ↓
Every day in the market located in the “16 de Julio” community and in the neighboring kiosks, a variety of breakfasts, delicious lunches and other refreshments are offered by the majority of the members of the “Sol Naciente” Association. Preparation of the food obligates this group to remain in their stands for the entire day. That means working next to their small children, because they don’t make enough money to leave them in daycare centers, an unfortunate situation that leaves the children exposed to many dangers.



The “Sol Naciente” Association has worked with the Pro-Mujer organization for three years and, with the help of their loan advisor, has proven to be very well organized. They now need additional funds to be able to inject more capital into their businesses and thereby increase their income which will benefit their families.

Translated from Spanish by Hugh Yarbrough, Kiva Volunteer.











Todos los días en el mercado de la zona 16 de julio y kioscos aledaños al lugar, se ofrece variados desayunos, deliciosos almuerzos y otras meriendas. Actividad que se dedica la mayor parte de la asociación “Sol Naciente” La elaboración de estos alimentos obliga a este grupo a permanecer en sus puestos de venta por todo el día teniendo así que trabajar junto a sus pequeños hijos, ya que no cuentan con el dinero suficiente para poder dejarlos en guarderías, caso muy lamentable ya que los niños se ven expuestos a muchos peligros.
La asociación Sol Naciente ya trabaja con la familia de Pro-Mujer hace mas de tres años con la ayuda de su asesor de creditos demuestran ser un grupo muy bien organizado. Ellas ahora precisan mayores créditos para poder inyectar capital a sus negocios de esta manera mejorar sus ingresos para el bien de sus familias.

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
  • 101
    View loans »
    Bolivia Loans Fundraising
  • $29,504,650
    Funds lent in using Kiva
  • 7.4
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol Naciente Group's $4,500 loan helped a member additional funds will be invested in their food businesses.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 9, 2008
Listed
May 12, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2009