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La Fortaleza Group
In this Group: Evelin , Rosmery, Yamile , Victor Hugo, Shirley, Inocencia, Glondy Yassira, Maria Rosario
The entrepreneurship bank, LA FORTALEZA, is made up of eight members: seven women and one man. The president of the bank is Yamile. She is 43 and married with five school-aged children. She works selling food at her food stand which is in her home. This loan is her third from the institution. Yamile will use this loan to buy ingredients like rice, noodles, and potatoes wholesale, in order to make her dishes. This way, she will be able to offer a greater variety of dishes to her customers. Her reason for asking for this loan is to keep improving her business. Yamile will use the gains to continue buying ingredients and that way keep improving her income.

Yamile is a very hardworking person. She is very glad for the opportunity given to her. In many cases, her companions in the group are the only ones supporting their families.
View original language description ↓
El Banco de emprendimiento LA FORTALEZA está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. Yamile tiene 43 años, es casada tiene cinco hijos, todos ellos en edad escolar ella se dedica a la venta de comida en su puesto de venta que se encuentra su propio domicilio, este préstamo es su tercera secuencia dentro de la institución, la Sra. Yamile 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. Yamile va a utilizar los beneficios para seguir comprando insumos y así mejorando sus ingresos, La Sra. Yamile 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
  • 76
    View loans »
    Bolivia Loans Fundraising
  • $29,428,225
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fortaleza Group's $4,650 loan helped a member to buy ingredients wholesale, like rice, noodles, and potatoes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013