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18 De Agosto Group
In this Group: Marcela, Lidia, Jorge Greydy, Cristina, Ross Mery, Ruddy, Edgar, Mary Luz, Maria Magdalena, Marilin Carmela, Gabi, Marcela, Marcela
The group “18 D. Agosto” (August 18th) is led by Sra. Marcela and consists of 13 members (10 women and 3 men). Most of the members have retail businesses selling products such as food, empanadas, soft drinks, ceramics, shoes, and clothing, as well as providing different services. The level of business competition is high, but the members are experienced enough to know that they must offer a variety of high-quality products in order for their businesses to succeed.

The loan they are requesting will be used to augment their working capital and expand their small businesses so that they can increase their earnings. This translates into a better quality of life for their families, which continues to improve each day. They are grateful for the confidence placed in them to continue working harder. The members are starting their first loan cycle together, but they have previous experience working in solidarity groups. Therefore, they promise to give it their all and move forward with responsibility and unity.

View original language description ↓
El Grupo “18 D. Agosto” esta representado por la señora Marcela y conformado por 13 miembros entre los cuales 10 son mujeres y 3 varones. La mayoría D. las socias se dedica al comercio D. productos como a la venta D. comida, empanadas y refrescos, cerámicas, zapatos, ropa y a la prestación D. diferentes servicios. La competencia a nivel comercial es alta pero la socias tienen mucha experiencia y saben como sacar adelante sus negocios ofreciendo productos variados y D. buena calidad. El crédito que han obtenido, es para aumentar su capital D. trabajo y emprender pequeños negocios para incrementar más sus ganancias, que se traduce en mejorar la calidad D. vida D. 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 D. 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
  • 153
    View loans »
    Bolivia Loans Fundraising
  • $36,669,875
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD