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Fantasticas - 32 Group
In this Group: Andrea Sahara, Claudia Fabiola, Marisol Lucia, Evelyn Jenny, Ana Maria, Maria Luisa, Jose, Ana Luz
The “Fantásticas-32” communal bank has 8 members, seven women and one man. The bank president is Marisol, 29. She has a five-year-old son and she works selling perfume. She has had a perfume shop in the Cala Cala zone for a year. It’s not a very long time but she’s happy because she already has a good clientele. This loan is her second sequence in the institution and Marisol will use the loan to buy perfume at wholesale in order to have a wide variety available for her customers since demand is higher during the end-of-year season because many people buy perfume to give away as Christmas gifts and she wants to take advantage of this demand to generate higher income.
View original language description ↓
El Banco de emprendimiento FANTASTICAS – 32 está compuesto por ocho integrantes siete mujeres y un varón la presidenta del banco es la Sra. Marisol tiene 29 años y tiene un hijo de la edad de 5 años, la Sra. Marisol se dedica a la venta de perfumes tiene una perfumería en la zona de Cala Cala desde hace un año, no es mucho tiempo pero ella está feliz ya que tiene clientela, este préstamo es su segunda secuencia dentro de la institución, la Sra. Marisol va a usar este préstamo para la compra de perfumes por mayor y de esta manera brindar variedad de productos a sus clientes, ya que esta época de fin de año es donde tiene mas demanda ya que mucha gente compra perfumes para regalar en esta Navidad y ella quiere aprovechar esta demanda y así también genera más ingresos económicos.

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
  • 78
    View loans »
    Bolivia Loans Fundraising
  • $29,481,750
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Fantasticas - 32 Group's $3,350 loan helped a member to buy perfume at wholesale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013