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Sagrado Corazon Group
In this Group: Julia Benita, Elizabeth, Julia, Antonia Mercedes, Juana, Lourdes, Catalina, Santa Nery, Lidia, Duglas*, Marco Antonio, Panfila, Edson
* not pictured
The Sagrado Corazon (Holy Heart) communal bank is maD. up of ten women and three men. Most of the group members have families of five (two parents and three children). Most are middle class, though some are from rural areas and have limited resources. Some of the group members own their own adobe homes, while others rent.


The group is involved in various economic activities: Elizabeth sells cleaning supplies; Julia and Julia Benita each work at and own a general store; Antonia and Lourdes sell bedcovers and bed pads; Juana sells sweets and drinks; Catalina sells dairy products like milk and cheese; Santa Nery sells fruit; Lidia works at a local cell-phone company store; Duglas is a mechanic; Marco Antonio is a reporter; and Edson does upholstery. The group members have different levels of experience in their businesses--some have been in business for just one year, while others, like Panfila, Santa Nery and Catalina, have been in business for 20 years.


Most of the group members will use their loans to purchase more merchandise to sell. There is a fair amount of competition in all of these areas, but the group members manage to stay competitive by offering a wiD. variety of merchandise and introducing new products. Most of them have experience with previous loans, both with the Sagrado Corazon group and with other groups at similar microfinance institutions in Bolivia.

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
  • 135
    View loans »
    Bolivia Loans Fundraising
  • $29,670,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Sagrado Corazon Group's $3,700 loan helped a member purchase more merchandise, such as fruit, drinks, sweets, dairy products, and bedspreads.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 19, 2008
Listed
Sep 4, 2008
Currency Exchange Loss:
N/A
Ended:
Mar 16, 2009