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Solidarias Group
In this Group: Nancy, Marcos Rufo, Jose Fernando, Carmen Roxana, Benigna, Jesusa, Pacesa, Rossio Shirley, Maria Teresa, Irma Felicidad, Rossemary, Walter Hugo
The Solidarity Group is represented by Nancy and by 12 other members, among whom there are distant relationships between cousins, though all of the businesses are totally independent. Within the group, the majority of members sell cosmetics, shoes, groceries and clothing, and others proviD. public transportation and tailoring services.

This loan will be used to buy items needed to increase the businesses' end products. For example, it will be used to purchase merchandise for stocking up the stores for the end of the year. It is hard to weather the sales competition if one doesn't have a good location and quality products, but the group members already have experience in this area and know how to stay afloat in their businesses and improve their profits. The members have experience in these types of groups because they have already worked with other institutions and understand the responsibility associated with this type of loan.
View original language description ↓
El grupo las "Solidarias" están representadas por la señora Nancy y por doce miembros D. los cuales existen parentescos lejanos entre primos pero todos con ingresos totalmente independientes. Dentro del grupo una mayoría se dedica al comercio D. cosméticos, zapatos, abarrotes y otros se dedican al transporte publico y a la confeccion y comercializacion D. prensas D. vestir. El crédito esta destinado a la compra D. herramientas D. trabajo para incrementar sus productos terminados así como para la compra D. mercadería para abastecer al mercado en épocas D. fin D. año. La competencia en el mercado D. venta D. productos es dificil D. llevar si no se tiene buena ubicación y productos D. calidad para el mercado competitivo, pero los socios (as) ya tienen experiencia en el rubro y saben como sacar a flote sus negocios y mejorar sus ingresos para salir adelante. Los socios (as) tiene experiencia en grupos solidaR. ya que trabajaron en otras instituciones por lo que conocen la responsabilidad que se requiere para este tipo D. financiamientos.

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
  • 123
    View loans »
    Bolivia Loans Fundraising
  • $34,670,400
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD