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Manantial - 26 Group
In this Group: Celestina, Francisco, Esperanza, Rita, Jesusa, Marco Antonio, Ana Rosa, Sergio
MANANTIAL - 26 group has eight members - five are women and three are men. The group president is Celestina who is 56 years old and has two children who are 21 and 28. Celestina sells candy at the local fair. This loan will be the fifth that she has received from the institution.

Celestina will use this loan to buy a variety of candies to stock up her business, as well as a counter to display her products. In this way she will be able to offer her customers more variety.

She is requesting this loan to continue improving her business, and Celestina is going to use the profits she makes to buy more products and therefore increase her income. She would like to have her own store and be able to offer better customer service.

Celestina is a very hard-working person, and she feels happy about the opportunity that her and the members of the group are being given because many of them support their families on their own.
View original language description ↓
El Banco de emprendimiento MANANTIAL – 26 está compuesto por ocho integrantes cinco mujeres y tres varones, la presidenta del banco es la Sra. Celestina tiene 56 años, tiene dos hijos de las edades de 21 y 28 años, La Sra. Celestina, se dedica a la venta de variedad de dulces y golosinas en la feria de su zona, este préstamo es su quinta secuencia dentro de la institución, la Sra. Celestina va a usar este préstamo para la compra variedad de dulces para surtir su negocio como un mostrador para la exhibición de sus productos y de esta manera brindar variedad de productos a sus clientes, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Celestina va a utilizar los beneficios para seguir comprando productos y así mejorando sus ingresos, su deseo para su negocio es tener un almacén y así brindar un mejor servicio a su clientela. La Sra. Celestina 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 Manantial - 26 Group's $2,475 loan helped a member to buy candies at wholesale and a display counter to exhibit her products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Nov 22, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013