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Las Margaritas Group
In this Group: Mery Martha, Maribel, Juana Paulina, Alicia*, Angelica*, Ariana Patricia, Reyna Isabel, Patricia Florentina, Jhovana Liveth, Juana Alejandra, Pamela Ivone, Eugenio Alejandro
* not pictured
The Las Margaritas communal bank is made up of eleven women and one man. Most of them have families of five (two parents and three children). Most are middle class, while some are from rural areas and have scarce resources. Most of the group lives in rented homes. They are involved in various economic activities: Maribel is a gym teacher; Juana and Eugenio sell sweets and cookies; Mery and Reyna own neighborhood stores; Alicia sells laundry detergent; Angelica has a liquor store; Ariana, Patricia and Jhovana sell cosmetics; Juana Alejandra is an elementary school teacher; and Pamela sells silpanchos (breaded, thin-sliced beef, a popular lunch or evening meal in Bolivia).

There is a fair amount of competition in all of these areas, but the group members remain competitive by quickly moving from market to market, offering a variety of merchandise and introducing new items frequently. Most of the group will use this loan to buy more merchandise to sell.

Since this is not the group's first loan, most of the group members have credit experience already. Other members have participated in previous group loans at other microfinance institutions.

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
  • 154
    View loans »
    Bolivia Loans Fundraising
  • $32,187,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Margaritas Group's $3,000 loan helped a member purchase merchandise to sell (detergent, cosmetics, liquor, sweets) and ingredients to prepare food.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 19, 2008
Sep 4, 2008
Currency Exchange Loss:
Feb 15, 2009