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Chimba - 32 Group
In this Group: Marco Antonio, Vanessa, Leny Carla, Sonia, Juan Carlos, Brigida, Mary Cruz, Julio Cesar, Fabiola Anay, Dionicia
The community bank CHIMBA – 32 is comprised of ten members, six of whom are women and four of whom are men.

The president of the bank is Marco. He is 33 years old and has made his living as a chauffeur for quite some time. He has a little boy who is 10 years old and studying in school.

This is his first loan with this institution. He will use the funds for maintenance and to buy accessories for his vehicle. He needs this loan as he lacks working capital, and he relies on this vehicle in order to do his job. He supports his family with the income he generates. He is happy and grateful for the support this institution is giving him.
View original language description ↓
El Banco de emprendimiento CHIMBA – 32 está compuesto por diez integrantes siete mujeres y tres varones el presidente del banco es la Sr. Marco tiene 33 años y tiene un hijito de 10 años que se encuentra en edad escolar, el se dedica al transporte de pasajeros desde hace ya bastante tiempo que es chofer, este préstamo es su primera secuencia dentro de la institución, el Sr. Marco utilizara este préstamo para el mantenimiento y compra de accesorios para su vehículo, su razón para solicitar este préstamo es falta de capital ya que este vehículo es su único medio de trabajo y con los ingresos que genera mantiene a su familia el Sr. Marco se siente feliz y agradecido con la 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

  • $2,817
    Average annual income
  • 85
    View loans »
    Bolivia Loans Fundraising
  • $28,707,025
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Chimba - 32 Group's $4,075 loan helped a member to perform maintenance on his vehicle and to purchase accessories.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013