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1º De Mayo Dos Group
In this Group: Sarah, Ana Maria, Carlos, Roxana, Roxana, Jose Miguel, Juan Carlos, Isabel, Saida, Roxana, Cesilio, Angelica Mabel
The communal bank "1º D. MAYO DOS" is entering its second loan cycle. The group has 12 members who live in the area near the 9km marker. These members each have their own businesses.

The president of the group is Ana. She is 28 years old, and has a business selling food and other necessities in her house. She has a neighborhood store that is well stocked where she offers a variety of products to her customers. Because the store is located in a very busy area, she has a lot of customers. She is married to Saúl, who works as a driver, and she has had this business for many years. She and her husband have 3 school-aged children. They are young people who have a strong desire to succeed, and so they work hard each day to proviD. a better future for their children. With the money from this loan, Ana will buy merchandise at wholesale, including: soft drinks, sweets, cookies, and a variety of other products to stock her store. This way she can increase her working capital.

The members of this group are very grateful to our organization for trusting in them and providing them with support so that they can grow in their businesses and activities.
View original language description ↓
El banco D. emprendimiento 1º D. MAYO DOS entrando a su segundo ciclo conformado por 12 integrantes que viven en la zona del km 9, los socios cuentan con negocio y actividad propia.
La Presidenta es la Sra. Ana, ella tiene 28 años D. edad, su actividad es la venta D. víveres y diferentes productos D. primera necesidad en su mismo domicilio ella tiene una tienda D. barrio muy surtida donD. ofrece variedad D. productos a sus clientes y por ser la tienda en una zona muy concurrida tiene muchos clientes, ella esta casada con el sr. Saúl el cual es chofer, lleva ya muchos años en esta actividad y tienen 3 hijos que se encuentran en edad escolar, son personas jóvenes con ganas D. superación que se esfuerzan día a día por dar un futuro mejor a sus hijos , con dinero del crédito la Sra. Ana comprara mercadería al por mayor como ser refrescos, dulces, galletas, variedad D. productos para surtir su tienda y D. esta manera incrementar su capital D. trabajo.
Los señores están muy agradecidos con nuestra entidad por haber confiado en ellos y brindarles un apoyo para poder crecer en su negocios y actividades.

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
  • 100
    View loans »
    Bolivia Loans Fundraising
  • $29,504,650
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 1º De Mayo Dos Group's $4,725 loan helped a member to buy cookies, soft drinks and sweets to stock her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Oct 20, 2011
Currency Exchange Loss:
Possible
Ended:
May 16, 2012