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Caracato Group
In this Group: Victoria, Valentina
The Caracato Group was formed by three members in 2005 when they began working with Emprender (Kiva Field Partner). Subsequently, two women remain in the communal bank and this is their sixth loan. Mrs. Victoria B. has a neighborhood store in Alto Obrajes. She became a widow two years ago and has two daughters that study and work to pay for their tuition. One of them had a baby last year and Mrs. Victoria takes care of her granddaughter while her daughter works and studies. Apart from the store, Victoria also makes bread, salteñas (meat empanadas), cakes, and cookies on the weekends and delivers them to schools and nearby kiosks. Victoria is a very hard working woman.


The other member is Mrs. Valentina C.. She has two children that are in college. Valentina has worked for more than 20 years as a domestic worker in the Obrajes area where she lives with her children. She is not married and has been separated from the father of her children for many years. She sells food on the weekends with the help of her children.

View original language description ↓
El Grupo Caracato se encontraba formado por tres integrantes en el año 2005, cuando comenzaron a trabajar con la Institución, posteriormente se quedaron las dos señoras sacando el credito en garantia cruzada, siendo esta su 6ta. Secuencia en esa modalidad. La Sra. Victoria B. Tiene una Tienda de barrio en Alto Obrajes,ella quedo viuda hace dos años, tiene dos Hijas Jovenes que estudian y trabajn para costearse sus gastos de estudio, una de ellas tuvo su bebe hace un año siendo la sra. victoria quien cuida a su nieta mientras su hija trabaja y estudia, al margen de la tienda la señora elabora pan, salteñas (empanadas de carne), queques y galletas los fines de semana, y reparte a los establecimeintos educativos y kioscos de la zona es una mujer muy trabajadora. La otra integrante Sra. valentina C. tiene dos hijos jovenes que estudian en la universidad, ella trabaja mas de 20 años como enpleada domestica en la zona de Obrajes donde vive con sus hijos, ella no tiene esposo ya que hace muchos años se separo del padre de sus hijos; la actividad principal es la de venta de comida, actividad que realiza los fines de semana, donde tambien tiene la colaboracion de sus hijos.

Additional Information

About Emprender

Emprender has been working in Bolivia since 1999. It is dedicated to becoming a key tool in the development of its clients and the improvement of their quality of life. Operating in three of Bolivia’s major cities – La Paz, Cochabamba, and Santa Cruz – Emprender offers both urban and rural clients the opportunity to obtain financial products tailored to fit their needs and businesses. These products include housing loans, salary loans, “opportunity” (short-term) loans, and higher education loans. To better the quality of life for its clients and non-clients through non-financial services, Emprender offers free medical consultations and health classes given by trained doctors.

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

  • $2,817
    Average annual income
  • 136
    View loans »
    Bolivia Loans Fundraising
  • $30,349,900
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Caracato Group's $650 loan helped a member to buy merchandise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2009
Listed
Oct 21, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010