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La Perla Del Oriente Group
In this Group: Maria Jesus, Ignacio, Wilma, Patricia, Jesus Gabriela, Maria Del Carmen, Cinthia, Claudia Sinthia, Fatima, Maria Asunta, Marisol, Mireya
The communal bank "La Perla del Oriente" is made up of 12 members, including 11 women and 1 man. The president of the bank is Maria. Maria is 40 years old, and has a business making and selling bread from a bakery located in her house. This is Maria's first loan cycle with this institution. Maria will use this loan to buy flour in bulk to make a variety of breads. This way she will be able to provide better service to her customers and increase her earnings. The reason she is requesting this loan is so that she can continue to improve her business. Maria will use the profits to continue buying utensils and supplies for her bread-making business. Maria is a very hardworking person who feels happy about the opportunity being provided to her and her fellow group members, because some those members are the sole support of their families.
View original language description ↓

El Banco de emprendimiento LA PERLA DEL ORIENTE está compuesto por doce integrantes once mujeres y un varón, la presidenta del banco es la Sra. María tiene 40 años, se dedica a la actividad de elaboración y venta de pan, tiene su panadería que se encuentra ubicado en su mismo domicilio, este préstamo es su primera secuencia dentro de la institución, la Sra. María va a utilizar este préstamo para la compra de harina por cantidad para la elaboración de variedad de panes y así de esta manera brindar un mejor servicio a sus clientes e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. María va a utilizar los beneficios para seguir comprando utensilios e insumos para la elaboración de sus panes, la Sra. María 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
  • 107
    View loans »
    Bolivia Loans Fundraising
  • $28,862,525
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of La Perla Del Oriente Group's $4,325 loan helped a member to buy flour in bulk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2012
Listed
Aug 22, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013