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21 De Agosto Group
In this Group: Ana Mercedes, Sandra, Ericka Jessica, Yaquelin Raquel, Veronica, Maria Ester, Alcibiades, Elizabeth, Jose Luis, Roxana, Mery, Lourdes, Jose Augusto, Oliverio
The "21 de agosto" (August 21st) group is made up of ten women and four men who live in the tropical Santa C. region of eastern Bolivia. Many of the group members sell cosmetics and clothing. Others have different businesses at the La Ramada, Abasto and Mutualista Markets, like CD sales, carpentry, and candy sales. Some sell ducks and eggs, while others sell electronic games. One woman has a hair salon, and one man works as a salaried driver. Their clientele is the general public, for the most part. The group members say they plan to use this loan to buy more merchandise for their respective businesses and to buy more tools to work with.

Most of the group members have one to five years of experience in their respective lines of work, though three of the group members have more than ten years of experience.

Though most of the group members have previous credit experience at other Bolivian microfinance organizations, this is their first loan as a group from AgroCapital.

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
  • 128
    View loans »
    Bolivia Loans Fundraising
  • $36,246,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 21 De Agosto Group's $3,725 loan helped a member to buy more merchandise to sell or more tools to work with.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 18, 2008
Oct 1, 2008
Currency Exchange Loss:
Apr 15, 2009