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Las Toby Group
In this Group: Dora Teresa, Eliana, Maria Cecilia, Rosmery Paola, Magali, Carmen , Maria Luisa, Maria Flavia, Magdaly
The "LAS TOBY" community bank is starting its first loan cycle with the institution. The group has nine members who are all women. Their business activities include selling meals, selling drinks and selling cosmetics. They are from Plan 3000 neighborhood.

This group was founded on the initiative of three members. One of these members was Dora, the bank's president. Dora was chosen as the bank's president because she is a responsible person who is supportive of her fellow group members. Her business is selling clothes and her income supports her household and pays for the education of her school-age children. She will use her loan money to buy winter clothes in bulk since the cold season is approaching and she already has several orders. Dora is a very hard-working person who has a desire to better herself. Her wish is to grow in her business and make more income. In this way, she will be able to improve her quality of life. She is very grateful to the institution for the support she has been given.
View original language description ↓
El Banco de Emprendimiento "LAS TOBY " se encuentra en su primer ciclo dentro de la Institución, compuesto por 9 personas en la cual todas son mujeres, sus actividades están entre venta de comida, de bebidas, venta de cosméticos, son de la zona del Plan 3000. El grupo se fundo por la iniciativa de tres socias: La Sra. Dora quien es la presidenta del banco de emprendimiento le eligieron por ser una persona muy responsable solidaria con sus compañeras, se dedica a la venta de ropa y así mismo el ingreso que genera sustenta su hogar y la educación de sus hijos que se encuentran en edad escolar, con el dinero del crédito comprar ropa de invierno por cantidad ya que se esta acercando la época de frio y ya tiene varios pedidos, es una persona muy trabajadora con ganas de superación su deseo es el de crecer en su negocio y generar mayores ingresos económicos y de esta manera poder mejorar su calidad de vida, esta muy agradecida 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
  • 90
    View loans »
    Bolivia Loans Fundraising
  • $28,867,525
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Toby Group's $2,450 loan helped a member to buy winter clothes in bulk.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2011
Listed
Apr 20, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011