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Cholitas Marinas Group
In this Group: Maria Rose Mary, Maria Macedonia, Alejandrina, Aparicia, Meliza, Gimena, Giovanna, Maria Antonieta, Silvia Eugenia, Fredy, Victoria, Maria Mercedes
The Cholitas Marinas Group is maD. up of eleven women and one man who live in the central Cochabamba region of Bolivia. "Cholita" is a term commonly used to refer to indigenous Andean women who usually dress in skirts with long braids and sometimes wear bowler hats; the group's name, roughly translated, means "Cholitas of the Sea."


The group members have a variety of businesses, mostly food sales: Rosemary has a beauty salon, Maria Macedonia and Giovanna sell groceries, Alejandrina sells bread, Aparicia and Victoria sell prepared meals, Eugenia sells vegetables, Maria Antonieta drives a taxi, Meliza sells comforters, Mercedes sells clothing, and Fredy has a kiosk. Most of the group members have significant experience in their various lines of work, giving them an edge over the competition.


Most of the group plans to use their loans to buy more merchandise, or to offer a wider variety of products and services. Most of the group members have had previous experience with group loans at Pro Mujer and Crecer, other Bolivian 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

  • $2,817
    Average annual income
  • 86
    View loans »
    Bolivia Loans Fundraising
  • $28,926,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cholitas Marinas Group's $2,300 loan helped a member buy more merchandise to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 16, 2008
Listed
Oct 1, 2008
Currency Exchange Loss:
N/A
Ended:
Mar 16, 2009