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Fortuna Group
In this Group: Victoria Beatriz, Maria Eugenia, Karina Juana , Germana, Bernardo, Julio German, Adela , Beatriz
The Fortuna Entrepreneurial Bank is made up of people who live in the Bajo Alpacoma region. This region is known for having more than 50 artisanal brick factories. Most of the members of the bank work as machinists, brick carriers or brick bakers in the factories. They also have small businesses that they run outside of the factories like raising pigs or chickens, selling food or clothing. The group leader who helped to found the group is Victoria who works in the factory baking bricks. She lives alone with her 4 children in her own home which she built thanks to her own hard work. She will use the money from the loan to buy construction materials to finish building her kitchen. Maria is the bank's treasurer and provides food to the majority of the factory workers. She will use the money to buy ingredients for her food. Adela works selling clothing around town. Her husband is a machinist in a factory. The women and their husbands work very hard as there are often days where they have to stay awake 2 nights in a row to bake the bricks. Most of the women work only with the institution.
View original language description ↓
El Banco de Emprendimiento FORTUNA esta integrado por personas que viven en la zona de Bajo Alpacoma, esta zona se caracteriza porque alberga a más de cincuenta fábricas de ladrillos artesanales, la mayoría de las socias trabajan como maquinistas, cargadoras o quemadoras en estas fábricas, además tienen actividades como la cría de cerdos y gallinas. Venta de comida y venta de ropa, la líder de este grupo y la encargada de conformarlo es la señora Victoria quien trabaja en una fábrica quemando ladrillos, ella vive sola con sus cuatro hijos en su casa propia que con mucho esfuerzo la construyó, la Sra. Utilizara el dinero del crédito en la compra de material de construcción para hacer terminar su cocina, la Sra. María es la tesorera del Banco de Emprendimiento tiene una pensión donde atiende en su mayoría a los obreros de estas fábricas, el dinero lo utilizara en la compra de insumos para la elaboración de sus platillos, la Sra. Adela se dedica a la venta de ropa esporádicamente de manera ambulante, su esposo es maquinista en una de estas fábricas. El trabajo que realizan las señoras y sus esposos es de mucho esfuerzo puesto que hay días que tienen que permanecer despiertos hasta dos noches para quemar los ladrillos. La mayoría de estas socias trabajan solo con la institución.

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
  • 224
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Fortuna Group's $2,125 loan helped a member buy construction material.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2010
Listed
Oct 31, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011