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Perlas De German Buch Group
In this Group: Manuela, Julia, Benita, Marcelino, Delia, Fransisco, Ruth, Mery, Marina, Gualbertina, Rosemary
View original language description ↓
The 11 members of "Germán Busch" form a very united and organized group centralized in the Huayna Potosí area of the city of El Alto, Bolivia. Only eight of the members finished their schooling, the rest of the group sadly learned to read and write only at a very basic level. It has been a dream for them to enroll in a school for adults to finish their education but at the moment they lack the necessary resources to do it. The majority of the members are mainly dedicated to the sale of fruits and vegetables on the distinct city streets of El Alto. With winter here, the prices for these products tend to rise as a result of frosts on the plantations. It's for this reason they needed to reinforce their capital to acquire their goods, which they do every two weeks. They also want to be able to rent or buy sales posts in the city markets to ensure their sales and better preserve their products. In this way they'll be able to increase their earnings and be able to afford going to school and give their families a better quality of life.

Translated from Spanish by Marty Greenstein, Kiva Volunteer


En la ciudad de El Alto, en la zona Huayna Potosí se encuentra el centro focal “Germán Busch” dentro este centro encontramos a la asociación denominada “Perlas de Germán Busch”, 11 miembros forman un grupo muy unido y organizado.
Solo 8 de ellas tiene estudios culminados el resto lamentablemente aprendió a leer y escribir da manera muy básica, siendo un gran sueño él poder entrar a la escuela de adultos para culminar sus estudios que de momento por falta de recursos no pueden hacerlo.
La mayoría de ellas se dedican principalmente a la venta de fruta y verdura en distintos calles de la ciudad del Alto. ahora que el invierno llego, este tipo de productos tiende a subir de precio por las heladas en las plantaciones, Es por eso que necesitan reforzar su capital para la adquisición de estos productos, que lo realizan quincenalmente, además desean poder alquilar o comprar puestos en mercados o tambos de esta ciudad para asegurar las ventas y la conservación de sus productos De esta manera obtener mayores ganancias y con esto poder culminar sus estudios y apoyar a que sus familias tenga una mejor forma de vida

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
  • 238
    View loans »
    Bolivia Loans Fundraising
  • $31,607,150
    Funds lent in using Kiva
  • 7.2
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Perlas De German Buch Group's $4,050 loan helped a member purchase goods and rent or buy sales posts / necesitan creditos para reforzar su capital de trabajo y tambien poder alquilar puestos en mercados.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 13, 2008
Listed
Jun 26, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009