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Margaritas Group
In this Group: Manuela, Cristina, Benita, Maritza, Arminda, Lucy, Martha*, Monica, Mariela, Paola*
* not pictured
Hand-knitting of sweaters, coats and shawls for adults and children is one of the most widespread activities within the “Margaritas” Association, who work in the municipal center of the province of Germán Busch. In addition to knitting, some also work at machine embroidery, producing unique designs that are used on clothing. All married, they have found in Pro-Mujer the opportunity to create small businesses that allow them to earn enough to provide for their families’ daily needs.


The Margaritas Association would like to expand their sales in order to obtain higher earnings, and for this they need more capital to buy raw materials.

View original language description ↓
El tejido a mano de chompas, abrigos, mantillas para adultos y niños, es una de las actividades mas comunes dentro la asociación “margaritas” que trabaja en el centro focal de Germán Buch. Además tejido algunas también se dedican al bordado a maquina, singulares diseños son aplicados en prendas de vestir, Todas casadas han encontrado en Pro-Mujer la oportunidad de crear pequeños negocios, que les permite obtener ganancias suficientes para el sustento diario de sus familias.
La asociación Margaritas desea ampliar sus ventas con el fin de obtener mayores ganancias, para esto precisa mayor capital para la compra de prima.

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
  • 78
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Margaritas Group's $2,350 loan helped a member they need increased capital to buy raw materials.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 16, 2008
Listed
Nov 1, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009