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Paraiso Nuevo Group
In this Group: Cristina, Martina, Helen Faridez, Maria, Sonia, Ruth, Nolberta, Raul
The “Paraíso Nuevo” (New Paradise) communal bank has 8 members: seven women and one man. The bank president is Cristina who lives in La Guardia. Cristina sells food in a stand located in the same neighborhood where she lives. This loan is her first sequence in the institution and Cristina will use the loan to buy tables and chairs for her business thus offering improved comfort to her customers.

Her reason for requesting this loan is to continue improving her business. Cristina will use the profits to continue buying supplies to improve her income. Her business wish is to have a restaurant in order to offer still better customer service. Cristina is a very hardworking person who feels happy for the opportunity being given to her and to her fellow group members because in many cases they are people raising their families by themselves.
View original language description ↓

El Banco de emprendimiento PARAISO NUEVO está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. Cristina vive por la localidad de la Guardia, La Sra. Cristina se dedica a la venta de comida en su puesto de venta que se encuentra en la misma zona donde vive, este préstamo es su primera secuencia dentro de la institución, la Sra. Cristina va a usar este préstamo para la compra de mesas y sillas para su negocio y de esta manera brindar mayor comodidad a sus clientes, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Cristina va a utilizar los beneficios para seguir comprando insumos y así mejorando sus ingresos, su deseo para su negocio es tener un restaurante y así brindar un mejor servicio a su clientela. La Sra. Cristina es una persona muy trabajadora se siente feliz por la oportunidad brindada a ella ya sus compañeras del grupo ya que en muchos casos son personas que sacan adelante 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

  • $5,500
    Average annual income
  • 236
    View loans »
    Bolivia Loans Fundraising
  • $31,598,925
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Paraiso Nuevo Group's $2,875 loan helped a member to buy tables and chairs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2012
Listed
Jul 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013