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La Esperanza Dos Group
In this Group: Martha, Regina, Cinthia Lorena, Alexey, Isabel, Hilaria, Maria Elia, Nelly, Wilfredo, Adela, Patricia, Elizabeth, Patricia, Roque, Victor Alfonso
The Communal Bank “La Esperanza Dos” (Hope #2) is led by Sra. Martha and consists of 15 members who started their second loan cycle by demonstrating responsibility and punctuality. The members have businesses selling products such as bread, empanadas, and clothing at the market. Some offer Yanbal cosmetics and products that they sell mostly from home. The level of competition depends on the type of business each person has. For some, the marketplace is much more difficult. They all strive to generate a daily income needed to support their families.


This loan will be used to buy new products to offer in their businesses and generate more revenue. Other members will invest in their businesses by opening new storefronts so that they can continue expanding and improving. Their previous experience consists of that gained from the last loan cycle in which they encountered problems because the funds were not spent wisely. Each one of the members commits to improving and utilizing their funds more cautiously so that they can grow their businesses and proviD. a better quality of life for their families.

View original language description ↓
El banco comunal “La Esperanza Dos” esta representado por al señora Martha y conformado por 15 miembros los cuales esta entrando a su 2º ciclo demostrando responsabilidad y puntualidad. Las socias grupo cuentan con sus negocios D. venta D. productos como pan, empanadas, ropas en el mercado algunas D. dedican a la venta D. cosméticos y productos Yanbal que mayormente se ofrecen a domicilio. La competencia depenD. mucho del negocio que cada una tiene para algunas el mercado es mucho mas difícil que para el resto pero todas se esfuerzan para obtener la ganancia diaria que es el sustento D. sus familias. El destino del financiamiento será utilizado para comprar algunos nuevos productos para ofrecer en sus negocios y así generar mejores ingresos, otros D. los socios invertirían en negocios nuevos como la apertura D. tiendas D. barrio para seguir creciendo y mejorando día a día. La experiencia que ellas tienen es en el anterior ciclo es que no deben mal gastar los fondos otorgados ya que por esa situación se tuvieron problemas en el anterior ciclo pero esta vez cada uno D. los socios se compromete a mejorar e invertir los fondos con cautela para mejorar y hacer crecer sus ingresos para poder brindarles una mejor calidad D. vida a sus familias.

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
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,028,500
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Dos Group's $4,075 loan helped a member operating capital for their respective businesses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2009
Listed
Jan 19, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 12, 2010