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Yungueñitas Group
In this Group: Mercedes Angelica, Maribel, Bilma, Natividad, Lucy*, Maria Eugenia, Ines, Betsy, Gumercinda, Juan*, Yeny Brigid, Martha
* not pictured
The group "Yungueñita" is represented by Ms Mercedes Angélica. All of the members live in the same neighborhood and work as vendors of sweets, clothing, pastries, groceries, shoes and cellular phones. Competition is very strong in this business sector, especially with the sale of clothing imported from China, Columbia and Brazil, which highly affects national production. The loan money is intended for the growth of capital so as to increase merchandise and allow for the growth of income. The members have experience in solidarity work with other similar institutions, like Fundación Agrocapital, who manage and administer donated resources. They believe their experience has given them the responsibility required to meet payment deadlines.
View original language description ↓
El grupo “Yungueñitas” se encuentran cursando su primer ciclo y esta representada por la señora Mercedes Angélica. Todas las socias residen en el mismo barrio y se dedican a actividades comerciales como la venta D. dulces, ropa, masitas, tienda D. abarrotes, zapatos y celulares, la competencia es muy fuerte en este rubro ya que venden ropa D. importación china, colombiana y brasilera situación que afecta D. gran manera a la producción nacional. El destino del crédito es para el incremento del capital D. trabajo para incrementar su mercadería y permitir el crecimiento D. sus fuentes D. ingreso. Las Socias tienen experiencia en grupos solidarios ya que trabajaron con otras instituciones parecidas a la Fundación Agrocapital por lo que conocen del manejo y administración D. los recursos otorgados, así como la responsabilidad que se requiere para cumplir con los pagos a tiempo.

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

  • $5,500
    Average annual income
  • 223
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD