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Kantuta Group
In this Group: Rita, Brani, Max Ronald, Roxana, Rosario, Arminda, Roxana , Steph Jheycof
The communal bank "Kantuta" is a new bank, in its first period, comprised of four members who used to be with the communal bank "Belen." They have all proven to be punctual and responsible with their payments. They were able to form this bank that is represented by the following people: Mrs. Rita who is the president of the bank and one of the old members. She is married and has four children who are all adults. She has a business selling clothing at the markets (Punata, Cliza, Arani) and travels to these places every weekend. Her loan is to purchase clothing, in bulk, and in this way grow her working capital. The treasurer is Mrs. Roxana who is single and has a physical therapy practice. The bank's members know her to be a punctual and responsible person. Her loan is to buy physical therapy equipment. Mrs. Roxana is the secretary. She sells natural medicine on one of the cities streets. She is married and has four children who are all school-age. Her loan is to increase her working capital. All of the members who make up the communal bank "Kantutas" are responsible, hard-working women who fight to get their familiar ahead and who are grateful for this institution and the support it provides.
View original language description ↓
El banco de Emprendimiento "KANTUTA" es un Banco que se encuentra en su primer ciclo pero esta formado por cuatro socias antiguas que pertenecían al Banco de Emprendimiento "BELEN" y han demostrado ser puntuales y responsables en el pago de sus cuotas, ella lograron conformar esté banco que esta representado por las siguientes personas: la Sra. Rita quien es la presidenta del banco es una de las socias antiguas, es casada tiene 4 hijos los cuales ya son independientes, ella tiene el negocio de venta de ropa en las ferias zonales (Punata, Cliza, Arani) viajando cada fin de semana a estas localidades, su crédito es para compra de ropa por cantidad y así incrementar su capital de trabajo. Como Tesorera se encuentra la Sra. Roxana quien es soltera y tiene un gabinete Fisioterapéutico, las socias del grupo la conocen como una persona responsable y puntual. El crédito saco para compra de equipo de fisioterapia y la Sra. Roxana quien ocupa el cargo de Secretaria, ella tiene el negocio de venta de medicina natural en una de las calles céntricas de la ciudad, es casada y tiene 4 hijos que 2 que se encuentran en edad escolar, el destino de su crédito es para incrementar su capital de trabajo.
Todas las socias que conforman el banco de emprendimiento KANTUTAS son personas responsables y trabajadoras que luchan para sacar a su familia adelantes y se encuentran agradecidas 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

  • $2,817
    Average annual income
  • 98
    View loans »
    Bolivia Loans Fundraising
  • $29,020,400
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Kantuta Group's $3,100 loan helped a member to purchase clothing in bulk.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2011
Listed
Feb 6, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011