Check out some available loans that are similar to this one!
Pedro Lorenzo Group
In this Group: Cristina, Esilda, Salome, Kleidy Karen, Maria Esther, Maria Estela, Maryluz, Maribel, Lila Doris
The entrepreneurial bank Pedro Lorenzo is comprised of nine members--all women--who make their livings through various businesses in both the commercial and service sectors.

The president of the group is Maryluz. She is twenty-two years old and unmarried though she lives with her partner. She doesn't yet have children. She makes her living selling food and lives in the community of Pedro Lorenzo, which is the origin of the name of the entrepreneurial bank. This is her first loan cycle with the organization.

Maryluz will use this loan to buy ingredients such as rice, noodles, potatoes, and oil for the preparation of her dishes. Maryluz faces challenges in her business such as expanding her clientele. She will use the proceeds to improve her family's quality of life. Maryluz is very happy and grateful to the organization for the support it has given her and her fellow group-members, who are in many cases individual people who help their families get ahead.
View original language description ↓
El Banco de emprendimiento PEDRO LORENZO esta conformado por nueve integrantes todas mujeres que se dedican a distintas actividades ya sea comerciales o de servicio, la presidenta es la Sra. Maryluz tiene 22 años no esta casada pero convive con su pareja todavía no tiene hijos, se dedica a la venta de comida ella vive en la comunidad de Pedro Lorenzo, de ahí el nombre del Banco de Emprendimiento, este es el primera secuencia de su préstamo con la institución, La Sra. Maryluz utilizara este préstamo para la compra de insumos como arroz, fideo, papa y aceite para la elaboración de sus comidas, Maryluz enfrenta retos en su negocio que son tener mas clientela y utilizara los beneficios dar una mejor calidad de vida a su familia, La Sra. se encuentra muy feliz y agradecida con la institución por el apoyo brindado a ella y a sus compañeras ya que en muchos casos son personas solas que sacan adelante a sus familias.

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
  • 153
    View loans »
    Bolivia Loans Fundraising
  • $32,219,500
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Pedro Lorenzo Group's $3,000 loan helped a member to buy consumables in order to prepare rich, delicious dishes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 10, 2012
Apr 9, 2012
Currency Exchange Loss:
Sep 15, 2012