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Celeste - 26 Group
In this Group: Rosario, Teresa, Mariana, Maria Elizabet, Cinthya Jovana, Claudia, Juan Nicolas, Sarahi Esther, Andres, Lucia, Pamela
The communal bank CELESTE - 26 is made up of eleven members, ten women and one man. They make a living in different activities. The president of the bank is Maria. She is fifty-three years old and makes a living selling various products, like jewelry and clothing. She sells her items by going door to door, visiting homes and public and private offices in the city of La Paz where they offer her products.

This loan is her first within the institution. Maria is going to use this loan to buy jewelry and clothing wholesale, since at this time of year, there is a lot of demand. In this way, she will be able to offer a variety of products to her customers and increase her income. Her reason for requesting a loan is to continue improving her business. Maria is going to use the profits to continue buying a variety of products.

Maria is a hard-working individual and feels happy for the loan opportunity offered to her, since her work is the only activity that allows her to maintain her family.
View original language description ↓
El Banco de Emprendimiento CELESTE – 26 está compuesta por once integrantes de los cuales diez son mujeres y un varón que se dedican a distintas actividades, la presidenta del banco es la Sra. Maria tiene 53 años, se dedica a la venta de variedad de productos ya sea joyas y ropa, ella vende sus productos de manera ambulante, visitando domicilios y oficinas públicas y privadas de la ciudad de La Paz, donde ofrece sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Maria va a utilizar este préstamo para la compra de joyas y ropa por mayor ya que esta época tiene mucha demanda y de esta manera brindar variedad de productos a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Maria va a utilizar los beneficios para seguir comprando variedad de productos, la Sra. Maria es una persona muy trabajadora se siente feliz por la oportunidad brindada ya que esta es su única actividad que le permite mantener a su familia.

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
  • 97
    View loans »
    Bolivia Loans Fundraising
  • $28,867,525
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Celeste - 26 Group's $4,800 loan helped a member to buy jewelry, clothing, and other merchandise wholesale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013