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23 De Julio Group
In this Group: Ivone Yalile, Ivana, Jose Manuel, Katherine, Yoselin, Ervin, Aida, Grover, Ylma, Lidia, Lisbeth Yassiel, Maria, Yuni Yovana
The communal bank “23 de Julio” is made up of thirteen members, ten women and three men. The president of the bank is Jose, who is twenty-four years old and has a son who is seven. Jose makes a living by repairing cars. He has been an auto body worker for many years. His garage is in the town of Abapo, where he offers his services.

This loan is his first with this institution. Jose is going to use this loan to buy tools and materials and therefore provide better service to his clientele and increase his profits. His reason for requesting this loan is to continue improving in his work. Jose will use the benefits to continue buying tools to continue equipping his garage. Jose is a very hard worker. He feels glad for the opportunity provided to him and to his fellow group members since in some cases they support their families alone.
View original language description ↓
El Banco de emprendimiento 23 DE JULIO, Está compuesto por trece integrantes diez mujeres y tres varones, el presidente del banco es el Sr. Jose tiene 24 años y un hijo que tiene la edad de 7 años, El Sr. Jose se dedica a la reparación de autos, el es chapista hace ya varios años, tiene su taller ubicado en la localidad de Abapo, donde ofrece sus servicios, este préstamo es su primera secuencia dentro de la institución, El Sr. Jose va a utilizar este préstamo para la compra de herramientas y materiales y así de esta manera brindar un mejor servicio a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su actividad, El Sr. Jose va utilizar los beneficios para seguir comprando herramientas para seguir equipando su taller, Jose es una persona muy trabajadora se siente feliz por la oportunidad brindada a el 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
  • $28,227,600
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 23 De Julio Group's $4,650 loan helped a member to buy tools and materials.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Sep 3, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013