Funded

Total loan: $6,550

Grupo Bolivia Group

Puente Vela, Bolivia / Construction

A loan helped a member to have working capital to buy tools, to improve his construction work.

Grupo Bolivia Group's story

Denni Moises is a hardworking young person who learned the skill of masonry and construction when he was young. He worked with his family as a helper, and later became a qualified worker. This permitted his family to have the income that he generated to cover their basic needs.

Denni and his friends comprise the group "Grupo Bolivia", where he was made president. Combining criteria and needs, they make the decision to approach Sembrar Sartawi IFD to obtain the necessary operating capital for their businesses. In Denni's case, the objective is to be able to renew his tools and to buy others that will facilitate his work.

In this group: Denni Moises, Baby Katiusca, Gabriela, Ronald Santos, Noemi Carmen, Luis Diego, Johnny Gabriel, Kano Smith , Neil Mohasier

Translated from Spanish by Kiva volunteer Joann S. View original language description.

Denni Moises, un joven trabajador que aprendió el oficio de la albañilería y construcción desde pequeño, él trabajaba junto a su familia como ayudante y luego se convirtió en obrero calificado. Esto le permitió a su familia contar con el ingreso que el generaba para cubrir las necesidades básicas.

Denni junto a sus amigos conforman la agrupación Grupo Bolivia, donde lo nombran presidente. Uniendo criterios y necesidades toman la decisión de llegar a Sembrar Sartawi IFD, para obtener el capital de operaciones necesario para sus negocios. En el caso de Denni el objetivo es poder renovar sus herramientas y comprar otras que le facilitaran la labor en su trabajo.

This loan is special because:

It allows financially marginalized people to access loans and training through communal banks.

More about this loan

This loan is made to a communal bank through Kiva's Field Partner, Sembrar Sartawi. Communal banks are comprised of local commmunity members who guarantee each other's loan. Sartawi also strengthens their impact by offering complementary financial education programs such as client rights, marketing, financial accounting and agricultural training. By supporting this loan, you're increasing financial access to traditionally marginalized communities.

About Sembrar Sartawi:

Sembrar Sartawi is in the process of being acquired by another microfinance institution in Bolivia and pending to get approval by the regulator. For this reason, payments to Kiva will be delayed until this process is completed. We expect payments to resume once the acquisition is finalized and a new amortization schedule is negotiated with the new entity.

Sembrar Sartawi is a microfinance institution based in Bolivia that provides financial services and educational support to agricultural communities. Kiva supports Sartawi?s work in rural communities in Bolivia and their commitment to social equality and environmental sustainability.