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71-1Ro De Mayo Dos Group
In this Group: Ana Maria, Carlos, Sixto, Roxana, Juan Carlos, Saida, Angelica Mabel, Maria, Lola
The communal bank 71-1ro de Mayo Dos is made up of nine members, six woman and three men. The president of the bank ANGELICA is 34 years old. She is not married but lives with her partner. They have had three children together who are 13, 7 and 1 years old. She earns her living selling food at her food stall which is located in the los pinos area.

She is asking for a loan to buy sets of tables and chairs for her business since she has many customers but she does not have tables for the comfort of her customers. She is asking for this loan because she does not have working capital. Angelica faces the challenge of a lack of stability in her business. She is going to use the profits to improve her quality of life and that of her family.

Angelica feels happy and is grateful to the institution for the support it has given her and her colleagues from the group, since they are hard-working people who, in most cases, help improve their family’s situation.
View original language description ↓
El Banco de emprendimiento 71-1ro de Mayo Dos está compuesto por nueve integrantes, seis mujeres y tres varones, la presidenta del banco es la Sra. ANGELICA tiene 34 años no es casada pero convive con su pareja con el que tiene 3 hijos que son de las edades de 13, 7 y 1 años, ella se dedica a la venta de comida en su puesto de venta que se encuentran en la zona los pinos, este préstamo es su segunda secuencia dentro de la institución, la Sra. Angelica va a usar este préstamo para compra juegos de mesas por su negocio ya que tiene mucha clientela y le hace falta las mesas para brindar comodidad a su clientes. Su razón para solicitar este préstamo es la falta de capital de trabajo, la Sra. Angelica enfrenta retos en su negocio que son tener estabilidad y va a utilizar los beneficios para mejorar su calidad de vida y la de su familia, la Sra. Angelica se siente feliz y agradecida con la institución por el apoyo brindado a ella y a su compañeras de grupo ya que son personas trabajadoras que en muchos casos 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

  • $2,817
    Average annual income
  • 107
    View loans »
    Bolivia Loans Fundraising
  • $28,227,600
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 71-1Ro De Mayo Dos Group's $4,175 loan helped a member to buy sets of tables and chairs.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
May 24, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012