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Concentidas Group
In this Group: Carolina, Victoria, Marcial, Benancia, Margarita, Dionicia, Fernando, Deisy, Maria Elena
The communal bank LAS CONCENTIDAS is formed by nine members; seven women and two men. The president of the bank is Carolina. She is 40 years old and is single with a nine year old son. She makes a living selling juices on her stall which is located in the Villa Paraíso area.

This loan is her first cycle with this MFI. Carolina will use this loan to buy extractors and blenders to make juices for her business. Her reason for requesting this loan is to extend her business and offer more variety of juices to her customers. Carolina faces challenges in her business and needs to buy extractors and blenders. She is going to use the profits to continue equipping her business and so generate more profits. Carolina is a very hard working person who gets her family ahead on her own. This is the only business activity she carries out.

She feels happy for the opportunity that has been given to her as do the other group members, some of whom also look after their family's on their own.
View original language description ↓
El Banco de emprendimiento LAS CONCENTIDAS está compuesto por nueve integrantes, siete mujeres y dos varones, la presidenta del banco es la Sra. Carolina tiene 40 años y es soltera con un hijo que tiene la edad de nueve años, ella se dedica a la venta de jugos en su puesto de venta que se encuentra en la zona Villa Paraíso, este préstamo es su primera secuencia dentro de la institución, la Sra. Carolina va a usar este préstamo para la compra de extractoras y licuadoras para elaborar jugos para su negocio, su razón para solicitar este préstamo es ampliar su negocio y ofrecer variedad de jugos a su clientes, la Sra. Carolina enfrenta retos en su negocio que son comprarse extractoras y licuadoras y va a utilizar los beneficios par seguir equipando su negocio y así poder generar mayores ingresos, La Sra. Carolina es una persona muy trabajadora sola saca delante a su familia, esta es la única actividad con la que se mantiene, se siente feliz por la oportunidad brindada a ella ya sus compañeras de grupo ya que en algunos casos como el de ella mantienen solas 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
  • 123
    View loans »
    Bolivia Loans Fundraising
  • $30,305,725
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Concentidas Group's $2,525 loan helped a member to buy extractors and blenders.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012