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El Escondite Group
In this Group: Damiana, Rosa, Guillermina , Alberto, Edelia, Felipa , Perpetua, Miriam, Maria Adelaida
Damiana is the president of this group. She is married and has three children who are in school. Damiana runs a small restaurant where she sells food and drinks. Her husband is a construction worker. Damiana's establishment is very well known in the Chimboco area. As the group's meetings take place in the president's home, they decided to name it 'el escondite' (the hideout).

Damiana will use her loan money to buy soft drinks to stock her restaurant. She will also buy potatoes and groceries which she needs to make her meals. This community bank is maD. up of neighbors who have all lived in the same area for several years. Each member has their own business activity that they are engaged in from Monday to Sunday. They all know each other well. One man participates in the group. The group's members are all very well known for their different businesses. They are hard-working and dynamic people who are grateful to the institution for the support they have offered them.
View original language description ↓
La presidenta es la Sra. Damiana es casada tiene tres hijos que se encuentran estudiando, tiene una pensión, donD. venD. comida y bebidas su esposo es albañil ,el local es muy conocido en la zona D. Chimboco ,como las reuniones se realizaran en la casa D. la presidenta es por eso que el banco D. emprendimiento decidieron las socias denominar el escondite, el dinero del crédito lo utilizara en la compra D. refrescos para surtir la pensión y papa y abarrotes para la elaboración D. sus comidas, este banco D. emprendimiento este conformado por vecinas D. la zona que viven hace varios años en la misma, cada una D. ellas tienen una actividad independiente trabajan D. lunes a domingo, se conocen bastante bien entre ellas en el grupo existe la participación D. 1 varón D. igual manera son muy conocidos con su respectiva actividad, son personas trabajadoras y dinámicas que están muy agradecidos 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
  • 87
    View loans »
    Bolivia Loans Fundraising
  • $29,017,150
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of El Escondite Group's $3,325 loan helped a member to buy soft drinks to stock her restaurant.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2011
Listed
Mar 30, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011