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Nuevo Amanecer Group
In this Group: Esperanza , Edwin Edgar, Natividad, Patricia , Paula, Marly Carolai, Iriana, Richar , Ruth , Omar Antonio
The Communal Bank “Nuevo Amanecer” (New Dawn) consists of ten members, seven women and two men. Sra. Esperanza has two children. The father of her children earns a small pension that is barely enough to buy food. For this reason, Sra. Esperanza decided to go to work. She sells cosmetics and then serves food on the weekends. Esperanza is a hard worker and her two children are her incentive to move forward. The money from this loan will be used to buy merchandise that is on sale so that she can offer a variety of products to her customers.


This Communal Bank was formed by a group of local friends who have known each other for several years. Each one has an independent business. They are known each day for their respective activities. This Communal Bank is organized and dynamic. All of its members are grateful to Emprender for its support.

View original language description ↓
El Banco D. Emprendimiento NUEVO AMANECER esta conformado por 10 integrantes D. los cuales 7 son mujeres y 2 varones, La Sra. Esperanza tiene dos hijos el padre D. sus hijos le pasa una pequeña pensión que apenas le alcanza para la alimentación, por este motivo la Sra. Tiene que salir a trabajar, ella, se dedica a la venta D. cosméticos y los fines D. semana se dedica a la venta D. comida es muy trabajadora y su incentivo para seguir adelante son sus dos hijos, con el dinero del crédito comprara mercadería D. los productos que se encuentran en promoción y así tener variedad D. productos para poD. ofrecer a sus clientes, este banco D. emprendimiento este conformado por amigos D. la zona que tienen una amistad D. hace varios años, cada una D. ellas tienen una actividad independiente trabajan todos los días conocidos con su respectiva actividad . es un banco muy organizado y dinámico, todos los integrantes del banco están agradecido 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
  • 84
    View loans »
    Bolivia Loans Fundraising
  • $29,016,250
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer Group's $3,775 loan helped a member purchase cosmetics in quantity.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2011
Listed
Mar 7, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011