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Sol Naciente Group
In this Group: Rita, Ygnacio, Maria Fernanda, Ana Maria, Lauryn, Selva Maria, Maritza, Angela Daniela
The communal bank "Rising Sun" is made up of eight members, seven women and one man. The president of the bank is Sra. Ana. She is 29 years old, married, and has two children of 7 and one year of age. She works selling food at her food stall that is located in the community of San Jose. This is her second loan with the institution. Sra. Ana is going to use this loan to purchase wholesale goods like rice, noodles and potatoes to make her dishes and thus be able to better serve her clients. Her reason for asking for the loan is to be able to continue improving in her business. She will use the benefits of the loan to continue purchasing ingredients and gain more money. Ana is a very hard working person and feels happy for the opportunity given to her since her fellow group members in many cases are working alone to get their families ahead.
View original language description ↓

El Banco de emprendimiento SOL NACIENTE está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. Ana tiene 29 años, es casada tiene dos hijos de las edades de 7 y 1 años, ella se dedica a la venta de comida en su puesto de venta que se encuentra en la localidad de San Jose, este préstamo es su segunda secuencia dentro de la institución, la Sra. Ana va a usar este préstamo para la compra de de insumos como arroz, fideo y papa por mayor para la elaboración de sus platillos y de esta manera brindar variedad de platillos a sus clientes, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Ana va a utilizar los beneficios para seguir comprando insumos y así mejorando sus ingresos, La Sra. Ana 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
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,410,700
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol Naciente Group's $3,100 loan helped a member to purchase wholesale rice, noodles, and potatoes.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013