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La Ilucion Group
In this Group: Regina Jhanett, Maria Elena , Omar Alberto, Arnilda, Vania, Isaias, Limbania , Reina
The Communal Bank “La Ilusión” (The Illusion) is starting its second loan cycle with eight members who live in the District of El Torno. All eight of these clients have established business activities. The group president is Sra. Regina. She is 27 years old and originally from the Department of Oruro Poopó Totoral, but she currently has been living in the Miraflores neighborhood of the town of El Torno for the past 19 years. Regina has been selling groceries out of her home for four years and also has a job teaching classes at the local school at night. The money from her loan will be used to buy groceries in bulk such as noodles, rice, sugar, and other items. Regina is single and does not have children at the moment, but she would like to have them some day.


Sra. Arnilda is the group secretary. She is 21 years old and lives in the area. Arnilda has been selling fish at the local market for seven years. She is in a common law marriage with Sr. Marco. For the past ten years, her husband has worked as a teacher in the District of El Torno. The money from her loan will be used to buy electric appliances for her home.


The members are grateful to Emprender for the support that has been provided.

View original language description ↓
El Banco de emprendimiento La Ilusión entrando a su segundo ciclo conformado por 8 integrantes que viven en la zona del torno de los 8 clientes todos cuentan con negocio y actividad fija, la Presidenta la Sra. Regina de edad de 27 años oriunda del departamento de Oruro Poopó totoral actualmente vive en la localidad del torno barrio Miraflores hace 19 años. Su Actividad es la venta de abarrotes en su domicilio cuenta hace 4 años con esta actividad y como segunda actividad trabaja como profesora en el colegio de la zona turno noche, con el dinero del credito comprara abarrotes por mayor, fideo, arroz, azucar, etc. ella es soltera y no cuenta con ningún hijo por el momento pero es uno de sus deseos. Secretaria es la Sra. Arnilda de edad de 21 años vive en la zona su Actividad es la venta de pescado cuenta con esta actividad hace 7 años en la zona del mercado Estado civil: convive con el señor Marco hace 10 años el señor cuenta con la actividad de profesor en la zona del torno, con el dinero dle credito comprara electrodomensticos para su casa, Los señores están muy agradecidos con la institución con 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
  • 109
    View loans »
    Bolivia Loans Fundraising
  • $29,636,400
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of La Ilucion Group's $2,800 loan helped a member purchase noodles, rice, sugar, and other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2011
Listed
Feb 15, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011