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7 De Julio Group
In this Group: Beatriz, Rocio, Ledy, San Luis, Pablo Edmundo*, Fatima, Angelica, Noelia, Eusebia Beatriz, Mirian, Gregoria, Fabiola, Blanca, Karen
* not pictured
The members of the "7 D. Julio" (July 7th) Village Bank are neither related to each other nor have anything in common. They engage in a variety of commercial and service activities in the El Pajonal neighborhood. The women's businesses incluD. traveling cosmetics sales, and a grocery store, and the men's incluD. public transportation services, and phone card sales. The members are aware that there is competition. They know how to get ahead, though, especially when they have the trust of an organization that is always inclined to help its members buy materials, supplies, and tools so their businesses can generate more income and their families can enjoy a better quality of life. A large proportion of the members have prior experience working with Fundación Agrocapital so they know how to work alone as well as the responsibility required to be part of a group.
View original language description ↓
Las socias del banco comunal "7 D. julio", no presentan ningún nexo consanguíneo ni D. afinidad. Las socias desarrollan diferentes actividades comerciales y D. servicio por el barrio la pajonal tales como vendedoras cosméticos ambulantes, tienda D. abarrotes y los socios participantes con el transporte público D. pasajeros, vendedores D. tarjetas telefónicas. En cuanto a la competencia se pueD. decir que ellos están conscientes D. la misma pero saben como salir adelante en especial si se cuenta con la confianza D. una institución que siempre esta dispuesta a extender una ayuda para que los socios puedan sacar adelante sus negocios con la compra D. materiales, insumo y herramientas que generen mayores ingresos y mejore la calidad D. vida D. sus familias. Un porcentaje alto D. las socias ya cuentan con experiencia ya que trabajaron con grupos anteriores en la Fundación Agrocapital por lo que conocen la modalidad des trabajo solidario así como la responsabilidad que se requiere para formar parte D. un grupo.

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
  • 122
    View loans »
    Bolivia Loans Fundraising
  • $36,721,100
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD