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Lideres Emprendedores Group
In this Group: Maria Angelica, Maribel, Persida, Fidelia Moreno, Cristina, Rossi , Celestina, Emma
The communal bank "Lideres Emprendedores" [Enterprising Leaders] is composed of eight members, all of them women. The president of the bank is María, who is 29 years old and has a one-year-old little boy. She earns her living doing hairstyling, manicures, and makeup in a beauty salon located in the El Torno neighborhood of the city of Santa Cruz.

This loan is María's first cycle within the institution. She is going to use this loan to purchase hairstyling and beauty products, like hair color and rollers as well as a variety of creams. She is going to use the proceeds to continue buying materials and improving her beauty salon.

María is a very hardworking person, and she feels happy and grateful to the institution for the support provided to her and her fellow members. In many cases, their work is the only source of support for their families.
View original language description ↓
El Banco de emprendimiento LIDERES EMPRENDEDORES está compuesto por ocho integrantes todas mujeres, la presidenta del banco es la Sra. Maria tiene 29 años, tiene un hijito de la edad de un año, ella se dedica al servicio de peinados y de manicurista y también maquillaje en su salón de belleza que se encuentra en la localidad de El Torno de la ciudad de Santa Cruz, este préstamo es su primera secuencia dentro de la institución, la Sra. Maria va a utilizar este préstamo para la compra de productos de peluquería y belleza, como tintes de cabello y ruleros, también variedad de cremas y va a utilizar los beneficios en seguir comprando materiales y mejorando su salón de belleza, la Sra. Maria es una persona muy trabajadora se siente feliz y agradecida con la institución por el apoyo brindado a ella y a sus compañeras de grupo ya que en muchos caso ses la única actividad que les permite mantener 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
  • 186
    View loans »
    Bolivia Loans Fundraising
  • $30,960,550
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Lideres Emprendedores Group's $3,925 loan helped a member to buy hairstyling and beauty products.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 15, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013