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Pedro Lorenzo Group
In this Group: Cristina, Esilda, Salome, Kleidy Karen, Maria Esther, Maria Estela, Maryluz, Maribel, Doris
The "Pedro Lorenzo" communal bank is made up of nine members, all women. The chairperson is Maryluz. She sells food at her stand, located in the community of Pedro Lorenzo, the place from which the group gets its name.

This is her second loan with the institution, and Maryluz is going to use it to buy tables and chairs for her business, to this way offer greater comfort to her customers. Her reason for requesting this loan is to continue improving her business.

Mariluz is going to use the profits to continue buying supplies, and keep improving her income this way. Her wish for her business is to have a restaurant, and this way offer better service to her clientele.

Mariluz is a very hard-working person. She feels happy about the opportunity offered to her and to her fellow group members, as in many cases they are people who are raising their families on their own.
View original language description ↓
El Banco de emprendimiento PEDRO LORENZO
está compuesto por nueve integrantes todas mujeres, la presidenta del banco es la Sra. Maryluz, ella se dedica a la venta de comida en su puesto de venta que se encuentra en la localidad de Pedro Lorenzo de ahí el nombre del grupo, este préstamo es su segunda secuencia dentro de la institución, la Sra. Maryluz 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. Mariluz 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. Mariluz 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

  • $2,817
    Average annual income
  • 91
    View loans »
    Bolivia Loans Fundraising
  • $28,138,200
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Pedro Lorenzo Group's $3,750 loan helped a member to buy tables and chairs for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Sep 11, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013