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Noruega Group
In this Group: Paulina, Eleuterio*, Celia, Beatriz, Pabla, Santusa, Dionicia, Mercedes, Elsa, Lidia, Gissela
* not pictured
View original language description ↓
In the city of El Alto in the zone Huayna Potosí you will find the center Germán Bush. Inside of this center you will find the association named Noruega, 11 members who are part of a unified and organized group. Most of them are principally engaged in selling clothing for all ages (jackets, sweaters, and others) in different streets in the city of El Alto. Now that winter is here, these are the types of products sold most, which is why they are seeking larger loans to be able to purchase more merchandise in bulk, which will generate more income to improve their standard of living.

Translated from Spanish by Helen Smith, 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 “Noruega”, 11 socias forman un grupo muy unido y organizado.
La mayoría de ellas se dedican principalmente a la venta ropa para todas las edades (chamarras, chompas, y otros) en distintos calles de la ciudad del Alto. Ahora que el invierno llego, este tipo de productos son mas vendidos, lo que les lleva a solicitar mayores créditos para poder comprar mayor mercadería al por mayor, así generar mejores ingresos para mejorar su estilo 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
  • 188
    View loans »
    Bolivia Loans Fundraising
  • $30,854,225
    Funds lent in using Kiva
  • 7.2
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Noruega Group's $3,050 loan helped a member they need capital to purchase merchandise in bulk.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 7, 2008
Listed
Jul 27, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009