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Yungueñitas Group
In this Group: Sulema, Teofila, Willma, Victoria, Jovita Ayde, Beatriz, Edeberto, Gregoria
The communal bank Yuguenitas is composed of 8 members—7 women and one man. The president of the group is Sulema, who is 25 and has an 8 year old son.

Sulema sells sports shoes, and her place of sales is in the commercial zone of the city La Paz. Sulema is going to use the loan to purchase shoes in bulk, thereby offering a better service to her clients and increasing her earnings. She is asking for the loan in order to continue improving her business. Sulema is going to use the funds to continue purchasing merchandise and stocking her business. She is a hardworking woman and feels happy for the opportunity provided her. In some cases, the members of the group are the sole support for their families.
View original language description ↓
El Banco de emprendimiento YUNGUEÑITAS, Está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. Sulema tiene 25 años, tiene un hijo que es de la edad de 6 años, ella se dedica a la venta de zapatillas deportivas en su puesto de venta que se encuentra en una zona comercial de la ciudad de La Paz, la Sra. Sulema va a utilizar este préstamo para la compra de zapatillas por cantidad 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. Sulema va a utilizar los beneficios para seguir comprando mercadería y surtiendo su negocio, la Sra. Sulema 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

  • $5,500
    Average annual income
  • 237
    View loans »
    Bolivia Loans Fundraising
  • $31,607,150
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Yungueñitas Group's $2,725 loan helped a member purchase sports shoes in bulk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2012
Listed
Sep 9, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013