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16 De Agosto Group
In this Group: Valentina, Modesta, Elena Flora, Lidia Ruperta, Natividad Estefania, Navi Aleida, Severina, Hilda, Celia Maria
This communal bank 16 de Agosto has been formed to seek a loan. This is the group's first loan cycle. Their president is Valentina P. Y.. The communal group belongs to the Centro Focal de Panamericana. Señora Valentina knits woollen hats for the women in the highlands (Andes), greatly used at the moment in wintertime as the temperatures drop to between 2 - 5 degrees centigrade in the morning and at sunset (including some areas that don't receive sun during the day).

Doña Valentina lives with her partner and has 3 small children - for this reason she works hard in her business. The members of this communal bank have businesses such as making woollen jumpers, selling ponchos and footwear, selling toasted broadbeans, rugs, sweets, food and condiments.
View original language description ↓
La A.C. 16 de Agosto se ha organizado para solicitar un crédito, este es su primer ciclo, tiene como presidenta a la señora Valentina P. Y., la mencionada asociación comunal pertenece al Centro Focal de Panamericana. La señora Valentina tiene como negocio el tejido de gorros de lana para señoras de pollera, muy utilizados en ésta época de invierno, pues las temperaturas bajan entre 2 a 5 grados centígrados, en la mañana y al anochecer, inclusive esta temperatura se percibe en los lugares que no reciben sol durante el dia.
Doña Valentina vive con su pareja, tiene tres niños pequeños por los que se esfuerza en su negocio.
Las integrantes de la asociación comunal tienen negocios de elaboración de chompas de lana, venta de mantas y calzados, venta de haba tostada, alfombras, venta de dulces, venta de comida y venta de condimentos.

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
  • 126
    View loans »
    Bolivia Loans Fundraising
  • $36,246,475
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 16 De Agosto Group's $1,975 loan helped a member purchase wool.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 12, 2010
Jul 15, 2010
Currency Exchange Loss:
Jan 15, 2011