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Nueva Jerusalen Group
In this Group: Elvira, Isabel, Petronilda, Heidy, Maria Luisa, Delicia, Ana Maria, Bernarda, Raquel, Irma Amparo, Marcela, Cintia, Nesly, Patricia
The "Nueva Jerusalén" group is represented by Elvira and made up of 14 members, of which Elvira and Maria Luisa are sisters but have different sources of income. Generally, the members sell products such as beer, cosmetics, clothing, jewelry, hamburgers, bread and offer cleaning and laundry services. As with all businesses, there is always competition for their business but thanks to the years of experience of the members, they know how to keep their businesses going. The loan will be used to buy ingredients and materials to improve the quality of their goods and face the competition as well as to improve their income in order to give their families a better quality of life. In general, most of the members of the group have already had experience working with groups in financial institutions similar to Fundación Agrocapital and so are aware of their responsibilities and obligations.
El grupo " Nueva Jerusalén " esta representado por la señora Elvira y conformado por 14 miembros en los cuales existe un parentesco familiar entre la señora Elvira y la señora Maria luisa las cuales son hermanas pero con actividades económicas diversas. En general las socias se dedican a la venta de productos como cerveza, cosméticos, ropa, joyas, hamburguesas, pan y al servicio de limpieza y lavandería. Como en todo rubro comercial siempre existe la competencia pero gracias a los años de experiencia de los socios saben como salir adelante. El destino del financiamiento es para la compra d insumos y materiales para mejorar la calidad de sus productos y hacerle frente a la competencia y poder mejorar sus ingresos para brindar a sus familias una mejor calidad de vida. En general una mayoría de los miembros del grupo ya tiene experiencia abajando con grupos solidarios en entidades financieras similares a la fundación agrocapital por lo que saben de la responsabilidad de sus obligaciones.

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
  • 105
    View loans »
    Bolivia Loans Fundraising
  • $28,862,525
    Funds lent in using Kiva
  • 7.1
    Bolivia Bolivianos (BOB) = $1 USD