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San Jorge Group
In this Group: Veronica , Eldy, Seberiana , Maria Francisca, Deisy, Serapia, Yenny, Agustin Marcos
San Jorge Communal Bank is made up of eight members, seven women and one man who make a living in various jobs. The president of the bank, María, is 47 years old and has six school-age children. She makes a living selling cosmetics via catalogue. She sells her products on foot, visiting homes and public and private offices in the city of La Paz.

This is her second loan with the institution. María's going to use this loan to buy cosmetics and jewelry wholesale and on sale to offer her customers a variety of products and increase her profits. The reason for this loan is to continue improving her business. She's going to use the profits to continue buying a variety of beauty products.

María's a very hardworking person. She's happy about this opportunity because it's her only job that allows her to support her family.
View original language description ↓
El Banco de Emprendimiento SAN JORGE está compuesta por ocho integrantes de los cuales siete son mujeres y un varon que se dedican a distintas actividades, la presidenta del banco es la Sra. Maria tiene 47 años, tiene seis hijos que se encuentran en edad escolar, se dedica a la venta de cosméticos por catalogo, ella vende sus productos de manera ambulante, visitando domicilios y oficinas públicas y privadas de la ciudad de La Paz, donde ofrece sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Maria va a utilizar este préstamo para la compra de cosmético y joyas por mayor y que se encuentran en promoción y de esta manera brindar variedad de productos a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Maria va a utilizar los beneficios para seguir comprando variedad de productos de belleza, la Sra. Maria es una persona muy trabajadora se siente feliz por la oportunidad brindada ya que esta es su única actividad que le permite mantener a su familia.

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
  • 186
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Expired
A portion of San Jorge Group's $3,700 loan helped a member to buy cosmetics and jewelry wholesale.
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Possible
Expired:
Nov 23, 2012