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Vera Cruz Group
In this Group: Cinda, Rosa, Wilma, Modesta, Sandra, Teresa, Lidya, Paulina Ruperta*, Juliana, Juana, Blanca Saron, Miriam, Olga
* not pictured
The “Vera Cruz” group is represented by Cinda. The group is composed of 13 members who work in different economic activities. Half of the women sell shoes and make clothing; the other half of the women sell bread and groceries from small neighborhood stores. The men in the group work are taxi drivers.

Competition at the commercial level and in product sales is high because there are a variety of products available in a range of prices. Because of this, the group members have to work hard to make their businesses successful by making clothing that follows changes in the market. The loan will be used for buying materials such as fabrics, for merchandise such as grocery items to increase stock, and replacement parts for their cars. This will help the members improve their incomes and therefore be able to proviD. their families a better quality of life.

The group members have experience from working with previous groups formed by other institutions, so they are familiar with the concept of working in solidarity lending groups and they know how to work together for increased benefit.
View original language description ↓
El grupo “Vera Cruz” esta representado por la señora Cinda y esta conformada por 13 miembros los cuales se dedican a distintas actividades la mitad D. las socias se dedica a la venta D. zapatos y a la elaboración D. prendas D. vestir, el resto D. las socias se dedica a la panadería y a la venta D. abarrotes en tiendas D. barrio, los socios se dedican al transporte público D. pasajeros. La competencia a nivel comercial o D. venta D. productos es alta ya que existe variedad D. producto y D. todo precio por lo que los socios tienen que esforzarse para sacar adelante sus negocios realizando prendas mas acorD. al los cambios en el mercado. El destino del financiamiento es para la adquisición D. materia prima como telas y mercadería como abarrotes para incrementar su stock D. venta y repuestos para sus vehículos que ayudara a los socios a mejorar sus ingresos y por enD. a brindar a sus familias una mejor calidad D. vida. La experiencia D. las socias radica en grupos anteriormente formados en otras instituciones por lo que conocen la modalidad D. trabajo D. los grupos solidaR. y saben como trabajar juntas para tener un mayor beneficio.

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
  • 138
    View loans »
    Bolivia Loans Fundraising
  • $36,293,375
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD