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7 De Marzo - 72 Group
In this Group: Emilia Romane, Monica, Luz Paola, Blanca Elena, Claudio Uvaldo, Marines, Fabiola, Luis Alfonzo, Richar, Cristian Edil, Maria Teresa, Milena
The 7 de Marzo communal bank is comprised of 12 members, 8 women and 4 men. Mónica, age 24, is the president of the bank. She has a six year old son. In the photo Mónica is wearing a black blouse, is smiling, has her hair pulled back, and is in between Cristian and Ubaldo.

Mónica sells cosmetics buy catalog. She sells her products in an itinerant manner. She visits, in order to offer her products, homes and public and private offices in the city of Santa Cruz.

This is her first cycle with the institution. Mónica will use this loan to buy wholesale cosmetics and jewelry that are on promotion. This way she will give her customers a variety of products and increase her income. Her reason for requesting this loan is to continue improving in her business. Mónica will use the profits to continue buying a variety of beauty products.

Mónica is a very hard-working person. She is happy about the opportunity given to her and her colleagues in the group because some of them support their families by themselves.
View original language description ↓
El Banco de emprendimiento 7 DE MARZO - 72 está compuesto por doce integrantes ocho mujeres y cuatro varones, la presidenta del banco es la Sra. Mónica tiene 24 años, y un hijo que tiene la edad de 6 años, la Sra. Mónica en la foto se encuentra vestida con una blusa negra, sonriente, tiene el cabello recogido y está en medio de los 2 integrantes del grupo el Sr. Cristian y el Sr. Ubaldo, La Sra. Monica se dedica a la venta de cosméticos por catalogo, ella vende sus productos de manera ambulante, visitando domicilios y oficinas públicas y privadas de la ciudad de Santa Cruz, donde ofrece sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Mónica va a utilizar este préstamo para la compra de cosmético y joyas por mayor y que se encuentran en promoción y de esta manera brindar variedad de productos a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Mónica va a utilizar los beneficios para seguir comprando variedad de productos de belleza, la Sra. Monica es una persona muy trabajadora se siente feliz por la oportunidad brindada a ella ya sus compañeras de grupo ya que en algunos casos 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
  • 100
    View loans »
    Bolivia Loans Fundraising
  • $29,481,750
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 7 De Marzo - 72 Group's $4,900 loan helped a member to buy wholesale cosmetics and jewelry that are on promotion.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2012
Listed
Aug 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013