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Renacer Group
In this Group: Felicia, Mariela, Graciela, Irma, Sonia, Eleuteria, Kathia Monica, Anibal
The Bank of Entrepreneurship Renacer is formed by eight members, including seven women and one man, who are engaged in several activities. The bank's President is Mariela, who is 24 years old and has one son who is six years old. She sells underwear and lingerie as a street vendor. She sells in neighborhoods and even in markets in the town of El Torno.

This loan is her sixth sequence within the institution. Mariela will use this loan to buy merchandise of underwear in bulk for her business. The reason to apply for this loan is the lack of capital to buy merchandise. She liked a lot the attention we gave her and the way Kiva works. Mariela is not losing her courage to get ahead her family. She will use the profits to buy more variety of merchandise. She is grateful for the opportunity that has been given to her.
View original language description ↓
El Banco de Emprendimiento RENACER está compuesta por ocho integrantes de los cuales siete son mujeres y un varón que se dedican a distintas actividades, la presidenta del banco es la Sra. Mariela tiene 24 años y tiene 1 hijo que tiene la edad de 6 años, ella vende ropa interior lencería, de manera ambulante, vende en barrios y hasta en mercados de la localidad de El Torno, este préstamo es su sexta secuencia dentro de la institución, la Sra. Mariela va a usar este préstamo para la compra de mercadería en ropa interior por mayor para su negocio su razón para solicitar este préstamo es la falta de capital para la compra de mercadería le gusto mucho la atención que le dimos y la forma en que Kiva trabaja, la Sra. Mariela no pierde ánimo para sacar adelante a su familia, va a utilizar los beneficios comprando variedad de mercadería, se siente agradecida por la oportunidad que le brindan.

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
  • 223
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Renacer Group's $4,325 loan helped a member to buy underwear.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013