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Girasol Group
In this Group: Nela, Maria Manuela, Reinaldo, Gaby, Clementina, Dayana Lizeth, Alexander, Pabla Casta, Fernando, Eduardo, Wilma, Elia, Pabla, Matilde
The Girasol ("Sunflower") group bank is maD. up of 14 partners who meet in the Los Mangales neighborhood in the center of the city of Montero. Most of the group members have small businesses that they run out of their homes in order to support their families. For example, the group's president, Sra. Nelva S., is a teacher, but she also sells dry goods from her home as a second source of income.


The group members are involved in a wiD. variety of businesses. To illustrate, Reinaldo and Alexander operate motorcycle taxis; Maria Manuela is the radio operator for a taxi company; Clementina and Lizeth sell Herbalife products; MatilD., Nelva, Pabla, Fernando and Gaby all sell food (e.g., prepared meals, bread, hamburgers and dry goods); Pabla is a domestic employee; and Elia sells straw mats.


Sra. S. says that group loans are an important source of economic support for people who cannot access individual loans at other institutions because those types of loans require guarantees. Two male members of the group, who operate motorcycle taxis, agree and say that they are grateful for AgroCapital's support.


Translated and elaborated by Cynthia McMurry, Kiva fellow


EL BANCO COMUNAL GIRASOL conformado por 14 socios, este grupo se reúne por la zona central D. la ciudad D. Montero en el barrio los mangales, la mayoría D. sus socios tienen pequeños negocios en sus hogares como apoyo para la familia, como el caso D. la Sra presidenta Nelva S. que tiene una venta D. abarrotes en su hogar como negocio alternativo pues ella es profesora e indica que estos créditos son un apoyo económico para los sectores que no tiene acceso fácilmente a los créditos por las garantías que exigen otras entidades, D. l misma manera los socios varones que trabajan con moto taxis indican que están agradecidos por el apoyo que les brinda AGROCAPITAL.

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
  • 81
    View loans »
    Bolivia Loans Fundraising
  • $28,931,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Girasol Group's $3,600 loan helped a member to purchase additional merchandise/materials for businesses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 18, 2008
Listed
Sep 4, 2008
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2009