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Santa Teresa Group
In this Group: Maria Ruth, Lilia, Erika Margot, Ruben Dario, Ana Cristina, Maria, Favio Justo, Juanita Sandra, Jenny, Patricia, Karina, Victoria, Edwin, Alma Fabiola, Marianela
The members of the communal bank "Santa Teresa" are members that all know each other. Two of the members are related and are from the G. family. This group is represented by Mrs. Maria Ruth and is composed of 15 people who are all entrepreneurs that have different types of businesses. Their businesses include selling cosmetics, running small grocery stores, selling clothing, and one of the male members works in transportation and another works as an electrician. In terms of competition, they all are aware of it but they all are confident in their abilities to make a living and to be responsible about repaying their loan. They all want to use the loans to improve their businesses and the quality of their products. The loan that they are asking for will be used to purchase merchandise, buy materials and tools so that they can increase their income. In terms of the experience of all of the group members, it can be said that the majority of the members have worked with the "agrocapital" foundation and they know about the responsibility that they have to meet the obligations they have by being a member of that institution.

(Translated by Mariela of San Roque High School)

View original language description ↓
Las socias del banco comunal "Santa Teresa", son socias que se conocen entre si; existe un parentesco consanguíneo entre la familia G. A. y de afinidad ninguno. El grupo se encuentra representado por la señora María Ruth y conformada por 15 miembros que se dedican al rubro comercial desempeñando diferentes actividades comerciales, conocen su negocio y con la experiencia de otros créditos saben la importancia de ser cumplidas para tener un financiamiento continuo. Las socias integrantes desempeñan diferentes actividades como: promotoras cosméticos, venta de ropa y tienda de abarrotes y los socios participantes uno se encuentra en rubro de transporte y el otro socio es electrónico. En cuanto a la competencia se puede decir que ellas están conscientes de la misma pero confían en la capacidad de administrar bien el crédito y favorece para mejorar su negocio y la calidad de sus productos. El crédito que se les otorgó esta destinado para aumentar su mercadería, comprar material de trabajo y compra de herramientas para desempeñar mejor sus labores diarias. En lo que respecta a experiencia se puede decir que una mayoría de las socias ya trabajaron con la fundación agrocapital por lo que conocen de la responsabilidad y el cumplimiento con sus obligaciones para ser cliente de la institución.

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
  • $36,239,775
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Teresa Group's $3,375 loan helped a member capital for Businesses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jan 29, 2009
Mar 2, 2009
Currency Exchange Loss:
Jul 15, 2009