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Nueva Generación Group
In this Group: Margarita, Nataly, Juan, Monica, Susana, Adela*, Evangelina, Luisa Maria, Abigail, Janet Francisca, Roxana, Leonor
* not pictured
The group "Nueva Generación" (New Generation) is represented by Mrs. Margarita. Some of the members are related through family but each has her own income. The majority of members sell foodstuffs and various items such as food provision and vegetables. The men in the group work in areas such as selling cars and repairing same. These are hardworking folks with experience in their businesses and a desire to prosper. They are experienced working with solidarity groups as this is their second cycle with this same group and they've added a few new members. As for the financing, it is targeted for acquiring raw materials for buying/selling in the workplace in order to increase their profits and improve their quality of life.
View original language description ↓
El grupo Nueva Generación esta representado por la señora Margarita, existen algunos parentescos familiares entre las socias pero cada una posee su propia fuente de ingreso independiente, en su mayoría los socios se dedican a la venta de comida y diferentes comestibles como víveres y verduras, entre los varones tiene actividades como la venta de automóviles o a la reparación de los mismos, son gente trabajadora con experiencia en sus diferentes rubros y con ganas de progresar. En lo que se refiere a experiencia en el trabajo con grupos solidarios ellos llevan cumpliendo su segundo ciclo con el mismo grupo y con algunos integrantes nuevos. Referente al destino del financiamiento será para el incremento de insumos para la venta y a la compra de materiales de trabajo para incrementar sus ingresos y mejor su calidad de vida.

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
  • $29,675,275
    Funds lent in using Kiva
  • 7.1
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Generación Group's $3,250 loan helped a member capital de Operaciones.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2008
Listed
Nov 21, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009