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Las Bondadosas Group
In this Group: Maria Elva, Carmen Luisa, Erika Lorena, Rosario, Nancy, Doris, Carlos Alberto, Frandy Fabiola, Maria Juana, Teodora, Carla Diana, Marisol, Tito
The "Las Bondadosas" communal bank is represented by María Elva and consists of 13 members from the Toborochi neighborhood who have known each other for some time. All of the members have their own small businesses selling products like catalog cosmetics, food, bread and clothing, and providing services like housekeeping, babysitting and home building. The partners accept that there is competition in their respective markets, but they have been selling in the same area for years and know how to succeed for the benefit of their families, as they represent the mainstay of income in their homes. The loan will be used to purchase better quality merchandise to bring their customers a more competitive product, and to purchase tools to improve service which will bring in a better income and better their families' quality of life. All of the partners have experience in credit groups, so they know how to administer the funds and how to fulfill the responsibility of their payments.
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El banco comunal "Las Bondadosas" están representadas por la señora María Elva y conformado por 13 miembros los cuales son del barrio Toborochi y se conocen desde hace tiempo. Todas los miembros tiene sus pequeños negocios propios de venta de productos como cosméticos por catalogo, comida, pan, ropa y a actividades de servicio como limpieza domiciliaria, niñeras y a la construcción de viviendas. Las socias aceptan que existe gran competencia dentro del mercado de venta de productos pero llevan años vendiendo en el mismo lugar y saben como salir adelante por el bien de sus familias ya que representan el pilar de los ingresos de sus hogares. El destino del financiamiento es para la compra de mercadería y productos de mejor calida para brindar a sus clientes un mejor producto mas competitivo y la compra de herramientas para brindar un mejor servicio para incrementar sus ingresos y mejor la calida de vida de sus familias. Todos los socios poseen experiencia en créditos solidarios por lo que conocen como administrar los fondos otorgados y como cumplir con responsabilidad a su plan de 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

  • $2,817
    Average annual income
  • 112
    View loans »
    Bolivia Loans Fundraising
  • $28,250,825
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD