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Nueva Esperanza Group
In this Group: Elvira, Judith Yhenny, Fanny Irene, Rogelia, Teodoro , Fanny Ester, Julia , Filomena
The Nueva Esperanza Communal Bank is in its eighth loan cycle and the group members have proven to be responsible and hardworking people. The following members serve as the group representatives:


Elvira is the president, and is the leader and founder of the group. She has a business selling groceries on one of the most populous streets in the city of Cochabamba. She is separated and has five children who are all independent of her. Elvira owns her business and the loan that she requested is for the purchase of merchandise like pasta, oil, rice, and to increase her working capital.


Julia is the treasurer and is married with two small children. She has a neighborhood store in her house and she requested the loan to increase her capital. She is a previous borrower and has proven to be a very responsible person and punctual with her payments.


All of the group members are responsible and hardworking people and they are grateful to Emprender for the support provided. One of the group members does not appear in the photo.

View original language description ↓
El banco D. Emprendimiento "NUEVA ESPERANZA " es un Bancos que se encuentra en su octavo ciclo donD. demostraron ser personas responsables y trabajadoras, este grupo esta representada por las siguientes socias: como Presidenta esta la Sra. Elvira quien es la líder y fundadora del grupo, tiene el negocio D. venta D. Abarrotes en una d las calles mas populosas D. la ciudad D. Cochabamba, Esta Separada y tiene 5 hijos D. los cuales todos son independientes su negocio es propio y el crédito que solicitó es para compra D. mercadería como fideos, aceites, arroz, y así incrementar su Capital D. trabajo. Como Tesorera esta la Sra. Julia quien esta casada y tiene 2 hijas pequeñas y tiene como negocio una tienda D. barrio en su domicilio, y solicitó el crédito para aumentar su capital es socia antigua y a demostrado ser una persona muy responsable y puntual con sus cuotas, toda las socias son personas responsables y trabajadoras que están agradecidas con la institución por el apoyo brindado. En la foto no se encuentra una D. las socias.

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
  • 108
    View loans »
    Bolivia Loans Fundraising
  • $30,301,575
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $2,200 loan helped a member to purchase merchandise like pasta, oil, and rice.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2011
Listed
Feb 22, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011