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Las Legionarias Group
In this Group: Esmilcen, Patricia, Eliana, Adelaida, Georgina, Catalina, Angela, Martha Jimena, Olachea Katerina, Teofilo, Nancy, Franklin, Andrea Judith, Marioly
The Las Legionarias (The Legionnaires) group consists of 13 women and one man who live in the tropical Santa C. region of eastern Bolivia. The group members all know one another from their neighborhood. None of them are related, though they do share similar last names, like many Bolivians.


Each of the group members has his or her own business: some sell clothing, cosmetic products, food, white majao (a traditional dish from eastern Bolivia maD. with jerky, sausage, bananas, tomatoes, rice and yucca), and medications; others work as radio taxi drivers, manicurists, or cell phone company reps; and some do filming and proviD. amplification services. Most have between one and five years of experience in their respective businesses, though some have as many as 15, and Teofilo has 20 years of experience as a musician! The group members say they will use this loan to buy more raw ingredients with which to make their products or to buy tools or equipment to use in their businesses.


Most of the group has previous experience with group loans at other Bolivian microfinance institutions. They have promised to make all of their payments on time, as scheduled.

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
  • 107
    View loans »
    Bolivia Loans Fundraising
  • $28,240,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Legionarias Group's $2,025 loan helped a member buy raw ingredients/materials to make various products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 15, 2008
Listed
Oct 1, 2008
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2009