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74-25 De Febrero Group
In this Group: Pabla Anastacia, Natividad, Yerika, Kathy, Edil, Carmen Rosa, Elena Rossel, Ines, Irma, Andrea
The entrepreneurial bank 74-25 De Febrero is made up of 10 members, all of whom are women.

The president of the bank is Irma. She makes a living selling food in her sales stall located in the same neighborhood that she lives in. This is her second loan with the institution. Irma will use the loan to purchase table and chairs for her business. This way she will be able to provide more comfort for customers. She is requesting the loan to be able to continue improving her business. Irma will use the funds to continue purchasing supplies and therefore improve her income. Her dream for her business is to have a restaurant and be able to provide better service to her customers.

Irma is a hardworking person. She is happy to have the opportunity that has been given to her and her fellow group members because in many cases they are people who are the sole bread winners for their families.
View original language description ↓
El Banco de emprendimiento 74-25 DE FEBRERO está compuesto por diez integrantes todas mujeres, la presidenta del banco es la Sra. Irma ella 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 segunda secuencia dentro de la institución, la Sra. Irma 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. Irma 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. Irma 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
  • 179
    View loans »
    Bolivia Loans Fundraising
  • $30,784,250
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 74-25 De Febrero Group's $4,600 loan helped a member to buy tables and chairs for her business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Aug 21, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013