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Bolivar Group
In this Group: Rosa, Silvia, Lucy, Maria Luz, Rosa Karina, Blanca, Sofia, Carmen, Ximena, Limberth, Elisabeth, Nelva
The Bolivar Group is represented by Sra. Rosa and consists of 12 members who are mostly engaged in retail businesses selling products such as clothing. A small percentage of the members sell groceries, bread, or provide services such as tailoring. The level of competition among businesses is high, but the members are experienced and know that they must offer a variety of high-quality products in order to get ahead.

The loan that they received will be used to augment the operating capital for their small businesses so that they can increase their earnings. This translates into an improved quality of life for their families, which gradually gets better each day. For this, they are grateful for the confidence that has been placed in them to continue working harder.

The members are undertaking their first loan cycle as a group, but they have previous experience working with other solidarity groups. Therefore, they are committed to proceed with responsibility and unity.

View original language description ↓
El grupo “Bolivar” estan representadas por la señora Rosa y conformadas por 12 miembros que en su mayoría se dedican al comercio de productos como de ropa para todos los gusto y un porcentaje mínimo de las socias se dedican a la venta de abarrotes, pan y a la elaboración de prendas de vestir. La competencia a nivel comercial es alta pero la socias tienen mucha experiencia y saben como sacar adelante sus negocios ofreciendo productos variados y de buena calidad. El crédito que han obtenido, es para aumentar su capital de trabajo y emprender pequeños negocios para incrementar más sus ganancias, que se traduce en mejorar la calidad de vida de sus familias que día a día van mejorando mas, por ello están muy agradecidos por la confianza depositada para seguir trabajando con mas ganas. La socias van cursando su primer ciclo pero ya cuentan con experiencia en grupos solidarios por lo se comprometen a dar todo de si para salir adelante con responsabilidad y unidad.

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
  • 124
    View loans »
    Bolivia Loans Fundraising
  • $34,682,725
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD