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74-Corazon De Maria Group
In this Group: Maria Magdalena, Esmelda, Fatima, Marco, Emilene, Luz Marina, Edita, Silvana, Maria Victoria, Jorge, Ely Angelica
The 74-Corazon de Maria entrepreneurial bank is formed of 11 members--nine women and two men. The bank's president is Mrs.María. She is 47 years old and has two school-aged children. She works selling a variety of soft drinks every day at her sales post that can be found on one of the busiest streets in the city of Santa Cruz. She prepares a variety of soft drinks to offer to her customers. This is the main source of income for her family. She has an employee who helps her attend to her customers.


The loan will be used to buy soft drinks in bulk (soda, juice, beer, and others) in order to be fully stocked. Mrs.Maria is a very hard-working person. She has worked selling food for several years. She is very thankful to the institution for the support provided to her and her partners in the group, since in many cases they are the only ones providing for their families.

View original language description ↓
El Banco de emprendimiento 74-CORAZON DE MARIA Está compuesto por once integrantes nueve mujeres y dos varones, la presidenta del banco es la Sra. María tiene 47 tiene dos hijos que se encuentran en edad escolar, ella se dedica a la venta de variedad de refrescos, actividad que realiza todos los días en su puesto de venta que se encuentra en una de las calles Más concurridas de la ciudad de Santa Cruz preparando y ofreciendo a su clientela variedad de refrescos, La mencionada actividad es su principal fuente de ingreso para ella y su familia la misma que desarrolla conjuntamente con una empleada quien le ayuda a atender a sus clientes, el destino del crédito es para la compra por mayor de refrescos (gaseosas, jugos, cervezas y otros) para lograr tener una despensa llena, la Sra. María es una persona muy trabajadora lleva años en esta actividad de la venta de comida está muy agradecida con la institución por el apoyo brindado a ella y a sus compañeras de grupo ya que en muchos casos mantienen solas a su 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
  • 228
    View loans »
    Bolivia Loans Fundraising
  • $31,576,425
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 74-Corazon De Maria Group's $5,550 loan helped a member buy soft drinks in bulk (soda, juice, beer, and others).
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Aug 18, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013