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74-Las Julianas Group
In this Group: Maria Rosario, Judith, Martha, Maria Roxana, Eligia, Joel, Jimena, Maydelen
The 74-Las Julianas communal bank is made up of eight members: seven women and one man. The president of the communal bank is Eligia who was chosen for her sense of responsibility and solidarity with her fellow members. Eligia makes and sells food for a living at her kiosk which is located in the Virgen de Lujan area.

This loan is the first in the loan cycle for this microfinance institution. Eligia will use this loan to purchase plastic chairs and tables for her kiosk as her clientele has increased, and she wants to make them more comfortable. She seeks this loan to expand her business.

Eligia faces challenges in her business such as market competition. She will use the profits to improve her quality of life. She is extremely happy and grateful to the microfinance institution for the support given.
View original language description ↓
El banco de emprendimiento 74-LAS JULIANAS esta compuesto de ocho integrantes, siete mujeres y un varón, La presidenta del banco es la Sra. Eligia que fue elegida por su responsabilidad y la solidaridad con sus compañeras, La Sra. Eligia se dedica a la elaboración y venta de comida en su puesto de venta que se encuentran en la zona de Virgen de Lujan. Este préstamo es la primera secuencia dentro de la institución la Sra. Eligia utilizara este préstamo para la Compra de mesas y sillas plásticas para implementar en su puesto de venta ya que se incremento su clientela y ella quiere brindarles mayor comodidad. Su razón para solicitar este préstamo es Hacer crecer el negocio. Eligia enfrenta retos en su negocio que son La competencia del mercado y utilizara los beneficios para mejorar su calidad de vida, se siente muy feliz y 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

  • $5,500
    Average annual income
  • 223
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 74-Las Julianas Group's $2,975 loan helped a member to purchase plastic chairs and tables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Mar 19, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012