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Pio Xii Group
In this Group: Teodosia, Virginia , Adela Paulina, Elvira, Mercedes Gladys, Martha , Adalid Luis, Teodora, Antonio Luis, Amalia Rufina
The entrepreneurial banking group PIO XII is made up of ten members, eight women and two men, and the president of the group is Teodosia. She is 43 years old and married with 4 children, ages 23, 20, 19, and 16. She has been in the business of making hand-woven blankets for many years, and she lives in the neighborhood of Barrio Municipal.

This loan is her first one with the lending partner, and Teodosia will use the funds to buy construction materials for constructing a new room in her house. Her reason for asking for this loan is that she lacks money to buy the construction materials herself. Teodosia wants to eventually open a shop of her own to show her woven goods, since she currently takes them to many different markets around the city and in her own neighborhood, and she will use the benefits to improve her family's quality of life.
View original language description ↓
El banco de emprendimiento PIO XII está compuesto por diez integrantes, ocho mujeres y dos varones, la presidenta del banco es La Sra. Teodosia tiene 43 años y es casada con 4 hijos que son de las edades de 23, 20, 19 y 16 años, ella se dedica al tejido de mantas de manera artesanal desde hace ya varios años, su domicilio se encuentra en el Zona de Barrio Municipal, este préstamo es su primera secuencia dentro de la institución, la señora Teodosia va a usar este préstamo para la compra de material de construcción para la construcción de un cuarto en su casa su razón para solicitar este préstamo es la falta de dinero para la compra de material de construcción, la señora Teodosia desea con el tiempo abrir una tienda propia para exponer sus tejidos ya que ahora entrega en los distintos mercados de la Ciudad y de la zona y va a utilizar los beneficios para mejorar la calidad de vida de su familia.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Bolivia

  • $5,500
    Average annual income
  • 164
    View loans »
    Bolivia Loans Fundraising
  • $30,747,725
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Pio Xii Group's $4,975 loan helped a member to buy construction materials for the construction of a new room for her house.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2012
Listed
May 15, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012