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Nueva Luz Group
In this Group: Rosse Mary, Ana Maria , Patricia, Riudinka Faviola, Modesta, Carla Marta , Susana Noemi , Bertha Josefa, Ana Yaqueline, Cristina Celestina
The communal bank "Nueva Luz" (New Light) is maD. up of 10 members who are from the San Antonio neighborhood of Villa Copacabana, near the hospital Escobar Uria. The members sell perfume, earrings, necklaces, pots, napkins, pastries and toys. During their time with Emprender they have participated in 6 loan cycles; the founding members of the bank have remained, and they have expanded their membership by 10 percent.

Senora Rosse Es is the leader, president, and one of the founding members of the bank. This is her 6th loan cycle, and she is taking on the position of bank president. She has been a merchant since she was very young; she sells jewelry and other miscellaneous items, including cosmetics. She has 3 daughters; the middle daughter helps her with the sales. Her husband does not generate much income, and for this reason she must continue to work to support her family so that she can help her husband so that the family lacks for nothing in the home, and so that she can proviD. support for the education of her children so that in the future they can have a profession and a better economic situation. Her participation in the group came about thanks to her companions who invited her to join the group.

The loans they obtained were invested in their capital and were also used to allow the members to travel to sell in markets in other regions of the country such as Santa Cruz and Cochabamba.

Patricia is one of the organizers and founders of a group that evolved into the communal bank Nueva Luz; she has worked with Emprender for 3 years. She is the treasurer of the bank, and is one of the most dynamic members of the group; she has been very demanding of the other members during the time she has been with the group.

Patricia sells a variety of products (jewelry and other consumer goods) with her cart. She travels with her products to markets and fairs to sell her goods. She works with her husband in this business. She has 3 daughters; her oldest daughter is 12, and the younger ones are 8 and 3 years old. The loan she obtained helped her substantially in being able to improve the economic status of her family, and to proviD. a better life for her children, as she was able to generate an increased income by increasing her working capital.

Patricia will use this loan to invest in the purchase of a store or sales post in one of the markets. Her wish is to be able to have her own home and a store. She hopes that these dreams will become reality in the future.

Cristina Es, one of the founders of the bank, currently sells cosmetics, socks, rings, wallets and other items from a cart. Cristina is an enterprising woman who supports her 2 daughters on her own. She came to know the financial institution Emprender thanks to her companions, who invited her to become part of the group. In this way she was able to access a loan, which helped her to increase her merchandise. This was a great help to her, as thanks to the loan, she was able to pay for the education of her daughter who is in school. In addition, Cristina makes quilts and bed sheets by hand in her free time.

All of the members are grateful to Emprender and Kiva for the confidence they have provided in granting this loan.

Note: In the photograph you see more members because one of the members came with her three children.
View original language description ↓
El Banco comunal NUEVA LUZ está formado por 10 clientes, pertenecen a la Zona D. San Antonio, Villa Copacabana, que están ubicados alrededor del hospital Escobar Uria las socias se dedican a la venta D. perfumes, aretes, collares, ollas, servilletas, reposteria, venta D. juguetes, Durante su permanencia en Emprender, que son 6 ciclos se reestructuro en un 10% D. las socias, manteniéndose conformada por todas las socias fundadoras del banco.

La Sra. Rosse Es la líder, presidenta y una D. las fundadoras del banco, este es su 6to ciclo y asume el cargo D. presidenta del banco, la señora es vendedora desD. muy joven, se dedica a la venta D. bisutería, como también cosméticos y otros, Tiene tres hijas, D. las cuales la del medio le ayuda en las ventas, como también tiene su esposo quien no genera muchos ingresos económicos, es por esa razón que tiene que seguir trabajando para el sustento D. su familia y así poder ayudar a su esposo para que no falte nada en el hogar y poder brindarles el apoyos en el estudio D. sus hijos y en el futuro sus hijos tengan una mejor situación económica con su profesión, su participación como socia fue gracias a sus compañeras que le invitaron a participar en el grupo.
Los créditos obtenidos fueron para invertir en su capital como también para viajar a vender, a ferias en otros departamentos como Santa cruz y Cochabamba

La Sra. Patricia es una D. las organizadoras y fundadoras del banco D. emprendimiento que dio origen al banco Nueva Luz, trabaja con nuestra institución durante 3 años, Desempeña el cargo D. tesorera en el banco, es una D. las socias bastante dinámica en el grupo, exigente con sus compañeras durante el tiempo D. permanencia en el grupo.

La Sra Patricia se dedica a la venta D. variedad D. productos D. bisutería con su carrito , D. manera ambulante ofrece sus productos en ferias, mercados, al igual que su esposo trabajan juntos, tiene tres hijas su hija mayor tiene 12 años la menor 8 y una D. 3 años, el crédito obtenido le ayudo bastante para poder mejorar su estado económico en su familia y darle una mejor vida para sus hijos y generar mayores ingresos económicos y aumentar el capital D. trabajo.

La Sra. Patricia el crédito lo invertirá en la compra D. una tienda o un puesto D. venta en uno D. las ferias, su deseo es poder tener una casa propia y una tienda en el futuro deseando que sus sueños se hagan realidad.

La Sra. Cristina Es una D. las fundadoras del Banco actualmente se dedica al comercio ambulante con su carrito donD. ofrece productos entre ellos cosméticos, calcetines, anillos billeteras, etc.
La señora Cristina tiene dos hijas es una mujer sola emprendedora quien mantiene a sus dos hijas, Llego a conocer la institución Financiera Emprender gracias sus compañeras que le invitaron a formar el grupo, con el que accedió a un crédito, que le ayudo a aumentar su mercadería, el crédito le ayudo mucho, gracias al crédito pudo pagar sus estudios D. su hija que estudia.
Como también doña cristina es sus tiempos libre hace costura a mano como edredones, sabanas, etc.

Todas las socias estan agradecidas con Emprender y Kiva por la confianza brindada en la otorgacion del credito.

OJO. En la foto se encuentran mas integrantes porque una D. las socias vino con sus tres 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

  • $5,500
    Average annual income
  • 196
    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 Nueva Luz Group's $2,075 loan helped a member to increase working capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2010
Listed
Mar 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010