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Los Peregrinos Group
In this Group: Luz, Jovani Piter, Gregoria, Magali Del Carmen, Enriqueta , Abigail, Elisa, Monica Esther
Los Peregrinos (The Pilgrims) Investment Bank is already in its 3rd loan cycle and is composed of 8 members, 7 women and 1 man. The women are dedicated to commerce and sell clothing, among other things.

Luz is the president of the bank. She was elected because of her responsibility and solidarity with her companions. Luz is separated from her husband. She says it was a difficult moment for her but she has forged ahead for the benefit of her 3 children, all of whom are school age. Luz sells second-hand clothing at the fair in Yungas and also, travels to distant fairs. She lives in her family's house, and her desire is to have her own house. Luz is saving to achieve her desire.

With this loan, she will buy more merchandise and thereby increase her working capital. In this manner, her income and quality of life will be improved. Luz is a very hard-working person and is very grateful to the institution for the help it affords.
View original language description ↓
El Banco de Emprendimiento LOS PEREGRINOS es un banco que ya está en su tercer ciclo y el Banco está conformado por 8 Integrantes 7 Mujeres y 1 Varón y las señoras se dedican al comercio y venta ropas y otros, y la Sra. LUZ es la presidenta del Banco le eligieron por su responsabilidad y solidaridad con sus compañeras esta separada de su esposo, cuenta que fue un momento dificil para ella pero salio adelante por el bienestar de sus tres hijos que se encuentran en edad escolar y ella se dedica a la venta de ropa de segunda Mano en la feria de Yungas y también viaja a distintas ferias, vive en casa familiar, y su deseo es tener su casa propia y esta ahorrando para conseguir este deseo, con el préstamo a lograra comprar más mercadería y así incrementar su capital de trabajo de esta manera mejorara sus ingresos y su calidad de vida, es una persona muy trabajadora y esta agradecida con la institución por el apoyo brindado.

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
  • 205
    View loans »
    Bolivia Loans Fundraising
  • $31,370,200
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Peregrinos Group's $2,750 loan helped a member tO BUY MERCHANDISE (NEW AND SECOND-HAND CLOTHING) AT WHOLESALE.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2011
Listed
Jan 26, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011