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33-Villa Olmos Group
In this Group: Maximo, Felicidad, Ruth Mery, Manuel Jorge, Maria Elena, Marcelino, Victoria , Sofia
The “33-Villa Olmos” communal bank has 8 members, five women and three men. The bank president is Marcelino, 52, who’s married and has three children whose ages are 23, 18 and 17; they are all attending university. He’s a carpenter and does all sorts of jobs with wood from spoons and ladles to napkin holders even furniture. He learned this activity from his father who was also a carpenter.

Marcelino will use this loan to buy wood at wholesale and other furniture-making supplies. His reason for requesting this loan is the lack of capital to buy this work material. This is the only activity he has that makes it possible for him to support himself and support his family which is why he feels happy and grateful to the institution for the support provided.
View original language description ↓
El Banco de emprendimiento 33-VILLA OLMOS está compuesto por ocho integrantes cinco mujeres y tres varones, el presidente del banco es El Sr. Marcelino tiene 52 años y es casado con 3 hijos que son de las edades de 23, 18 y 17 todos ya en la universidad él se dedica al oficio de carpintero, realiza todo tipo de trabajos en madera desde cucharas, cucharones servilleteros hasta muebles, esta actividad lo aprendió de su padre quien era carpintero el Sr. Marcelino utilizara este préstamo para la compra de madera por mayor y materiales para la fabricación de muebles, su razón para solicitar este préstamo es la falta de capital para la compra de este material de trabajo, ya que esta es su única actividad que le permite mantenerse y mantener a su familia, por este motivo se siente feliz ya agradecido con el institución por el apoyo brindado.

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
  • 197
    View loans »
    Bolivia Loans Fundraising
  • $31,033,100
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 33-Villa Olmos Group's $3,925 loan helped a member to buy wood and other furniture-making supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013