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Villa Cumaravi Group
In this Group: Demetrio, Olga, Eugenia, Calendaria , Maria, Celmira, Emiliana, Paulina, Eliza, Lidia, Ricardo, Karen, Fransisca, Hortencia
The association, so-called 'Villa Cumaravi', is one of the oldest, and has belonged to the family of pro-women for more than 10 years now. It has reached 21 cycles of credit, and is found in the zone of Senkata, in the city of El Alto, which at this date counts 14 active members and has demonstrated to be an organised group, in terms of loan payments. It is a very individual group, now that the members have a man as president of the association, which is different to the rest of the groups.

Different businesses exist within the assocation, such as preparation and sale of food, sales of sweets and other candies in stalls, others have suburban shops and some are artesans. The association Villa Cumaravia states that they need more capital to buy products, mainly to increase their sales, to obtain better earnings, with the sole objective of improving the economic situation of their homes.
View original language description ↓
La asociación denominada “VILLA CUMARAVI”, es una de las mas antiguas, pertenece a la familia de pro-mujer hace ya mas de diez años, cumpliendo con 21 ciclos de crédito, esta se encuentra en la zona de Senkata, de la ciudad de El Alto, a la fecha cuenta con 14 miembros activos y han demostrado ser un grupo organizado en cuanto a sus cuotas de crédito. Un grupo muy particular ya que tienen a un varón como presidente de la asociación, a diferencia de los demás grupos.
Existen diferentes negocios dentro la asociación como ser; la elaboración y venta de comida, venta de dulces y otras golosinas en puestos, otras tienen tiendas de barrio y algunos son artesanos. La asociación Villa Cumaravi afirma que necesitan mayor capital para la compra productos al por mayor para aumentar sus ventas, para obtener mayores ganancias con el único objetivo de mejorar la situación económica de sus hogares.

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
  • 88
    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 Villa Cumaravi Group's $2,875 loan helped a member to buy products for their businesses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2009
Listed
Mar 5, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009