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Violetas-31 Group
In this Group: Petrona, Rene Alberto, Cristina, Juana, Edgar, Selfa Gabriel, Dominga , Carla
The communal bank Violetas - 31 is made up of eight members, six women and two men.

The president of the bank is René. He is 66 years old and has a son who is 16 years old. René has been working in passenger transport for quite some time and he says that, “I've been a driver all my life.”

This loan is his first sequence with the institution. René will use this loan to repair his vehicle. His reason for asking for this loan is that his vehicle needs repair and he is unable to efficiently carry on his work. This vehicle is his only means of working and the income that it generates supports his family.

René feels happy and grateful to the institution for its support.
View original language description ↓
El Banco de emprendimiento VIOLETAS-31 está compuesto por ocho integrantes seis mujeres y dos varones el presidente del banco es el Sr. René tiene 66 años y tiene un hijo de la edad de 16 años, El Sr. René se dedica al transporte de pasajeros desde hace ya bastante tiempo como el dice toda mi vida soy chofer, este préstamo es su primera secuencia dentro de la institución, el Sr. René utilizara este préstamo para la reparación de su vehículo, su razón para solicitar este préstamo es que su vehículo está presentando algunas fallas y esto no le permite desarrollar de una manera eficiente su trabajo, este vehículo es su único medio de trabajo y con los ingresos que genera mantiene a su familia el Sr. Rene 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

  • $5,500
    Average annual income
  • 208
    View loans »
    Bolivia Loans Fundraising
  • $31,401,400
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Violetas-31 Group's $2,975 loan helped a member to pay for repairs of his vehicle that he uses in his passenger transport service.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013