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Porvenir Group
In this Group: Nieves, Eva, Miguel, Justina, Carmiña, Reynaldo, Gloria, Teofila, Maritza*, Mayra Ariane, Carolina, Marco Antonio, Micaela, Juana
* not pictured
The members of the community bank "Porvenir" are represented by Señora Nievas. All the members of the group know one another because they live in the same neighborhood. Carolina and Justina share a blood relationship; they are cousins but work with incomes totally independent of each other. The members carry out different commercial activities; the majority of them work with already established businesses like grocery stores, clothing sales, food, cosmetics, and other activities like mechanic service and metal refinery. Each one makes a daily income. With regard to the competition, they are aware of it and this is why they need financing to fight it. The loan is planned to be used to boost store stocks, buy work material, and purchase tools to improve fulfillment of services. The majority of the members worked in the first loan cycle and demonstrated honesty and responsibility with their payments.
View original language description ↓
Las socias D. la banca comunal "Porvenir", están representadas por la señora Nievas todos los miembros del grupo se conocen entre si gracias a que residen en el mismo barrio. Existe un parentesco consanguíneo entre carolina y Justina ellas son primas pero cuentan con ingresos totalmente independientes una D. la otra. Las socias desempeñan diferentes actividades comerciales la mayoría D. ellas con negocios ya establecidos como tiendas D. abarrotes, venta D. ropa, comida, cosméticos y a diferentes actividades como el servicio mecánico y refinería D. aluminio, cada uno tiene ingresos diarios. En cuanto a la competencia se pueD. decir que ellas están conscientes D. la misma es por esta razón que necesitan fondos para combatirla. El crédito que se les otorgó esta destinado a surtir sus tiendas, comprar material D. trabajo y compra D. herramientas para el mejor desempeño D. su funciones. Una mayoría D. las socias ya trabajaron en un primer ciclo en el cual demostraron honestidad y responsabilidad con sus pagos.

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
  • 174
    View loans »
    Bolivia Loans Fundraising
  • $30,747,725
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD