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Vida Nueva Group
In this Group: Alicia , Beatriz, Jose Luis , Omar Osvaldo, Elisa Rufina , Juana Guadalupe, Maria Teodora , Sofia
VIDA NUEVA (New Life) is a communal bank located in the south of La Paz in an area called Chijipata. Because it’s a distant area it doesn’t have reliable public transportation services. There is only one minibus company that comes into the area and in many cases it’s the source of employment in the area. It has 8 members who for the most part are merchants.

Alicia, group President, was elected by her fellow members because of her solidarity and responsibility. Alicia sells fish in several sections of the city of La Paz. She has two school age children and also lives with her husband who is a bricklayer. Both contribute to household expenses and dream with having their own little house because they currently live as caretakers in the same area.

The loan will be used to increase working capital to buy canned fish because she has several pending orders and many customers in the area and she’ll have more income to improve her family’s living conditions.
View original language description ↓
VIDA NUEVA. Es un banco de emprendimiento formado en la zona sur de la ciudad de La Paz, en la población de chijipata, por se una zona muy alejada no cuenta con servicio de movilidad constante tan solo ingresa a la zona una línea de minibuses los cuales son en muchos casos fuentes de trabajo para esa zona, esta compuesto por 8 socias las cuales en su mayoría se dedican al comercio, como la Sra. Alicia que es la presidenta del banco fue elegida por sus compañeras por su solidaridad y su responsabilidad, la Sra. Alicia vende pescado por muchas Zonas de la ciudad de La paz, ella tiene dos hijos quienes aun están en época escolar, también vive con el esposo quien se dedica al trabajo de albañil, ambos apoyan con el gasto del hogar ambos sueñan con tener su casita propia ya que en la actualidad viven como cuidadores en la misma zona, el préstamo será usado en el incremento de su capital, comprando Pescado por lata ya que tiene muchos pedidos ya que tiene muchos clientes en la Zona y tendrá muchos mas ingresos y de esta manera poder mejorar la condición de vida de su familia.

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
  • 188
    View loans »
    Bolivia Loans Fundraising
  • $31,009,700
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Vida Nueva Group's $2,175 loan helped a member to buy canned fish in quantity.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2010
Listed
Nov 19, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011