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71-24 De Septiembre Group
In this Group: Blanca Yalily, Maria Ester, Maria Luisa, Balbina, Zobeida, Reina, Mariela, Carmela, Josefa
The group 71- 24 De Septiembre is comprised of 9 women and the president of the group is Balbina. Balbina is 40 years old and she is single. She has three children that are 15, 12, and 8 years old. She sells food in her shop that is located in Joronchito. This loan is her fourth loan. Balbina will use this loan to buy ingredients such as rice, noodles, meat, and eggs so that she can prepare her dishes. She is seeking this loan because she doesn't have any cash.

Balbina faces challenges in her business such as being able to buy ingredients so that she can make her delicious dishes and offer a variety of those dishes to her customers. She uses her income to buy ingredients for her business, and in time she is able to earn more income.

Balbina is a hard-working person and the sole provider for her family (this is the only business that supports her family). She is happy for the opportunity that is being offered to her and to the others in her group, because many of them are also the sole providers for their families as well.
View original language description ↓
El Banco de emprendimiento 71- 24 De Septiembre, está compuesto por nueve integrantes todas mujeres la presidenta del banco es la Sra. Balbina, tiene 40 años y es soltera con tres hijos que son de las edades de 15, 12 y 8 años, ella se dedica a la venta de comida en su puesto de venta que se encuentra ubicado en la localidad de Joronchito este préstamo es su cuarta secuencia dentro de la institución, la Sra. Balbina va a usar este préstamo para la compra de insumos como arroz, fideo, carne y huevo para elaboración de sus comidas, su razón para solicitar este préstamo es la falta de efectivo la Sra. Balbina enfrenta retos en su negocio que son la compra de insumos para elaborar sus riquísimos platillos y ofrecer a su clientela variedad de platillos y va a utilizar los beneficios para seguir comprando insumos para su negocio y así poder generar mayores ingresos, La Sra. Balbina 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
  • 75
    View loans »
    Bolivia Loans Fundraising
  • $28,685,150
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD
Expired
A portion of 71-24 De Septiembre Group's $4,975 loan helped a member to buy ingredients such as rice, noodles, meat, and eggs for making meals.
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 8, 2012