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Santa Rita Group
In this Group: Fanny, Juana, Silvia Patricia, Horacio, Marina, Lola, Erika Yasney, Alberto
The Santa Rita Communal Bank is composed of eight members, six women and two men. The president of the bank is Sra. Silvia who is 24 years old and has two children, aged 7 and 5.

Silvia sells perfume, cologne and cosmetics by catalog. She promotes beauty products by selling door to door. She visits both public institutions and private homes in different neighborhoods, where she offers her products. This loan is part of the group’s first loan cycle with Emprender. Sra. Silva is going to use this loan to buy perfume and cologne she finds on promotion at wholesale prices so that she will have them in stock for her business. The reason she is requesting this loan is to have a variety of products to satisfy her customers.

Sra. Silvia confronts challenges in her business, which include providing efficient service to her customers. She is going to use her profits to improve her family’s quality of life because this is the only business that enables her to support herself and get ahead on her own. Sra. Silvia is happy and grateful for Emprender because of the support provided to her and the other members of her bank many of whom, like her, are working to move their families ahead on their own.
View original language description ↓
El Banco de emprendimiento SANTA RITA, Está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Silvia tiene 24 años dos hijos de las edades de 7 y 5 años se dedica a la venta de perfumes y colonias y cosméticos por catalogo, es promotora de productos de belleza ella vende de manera ambulante visitando instituciones públicas y privadas, barrios distintos domicilios ofreciendo sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Silvia va a usar este préstamo para comprar perfumes y colonia por mayor que se encuentran en promoción para tener en stock para su negocio, su razón para solicitar este préstamo es tener variedad de productos para satisfacer a sus clientes, la Sra. Silvia enfrenta retos en su negocio que son atender con eficiencia a sus clientes y va a utilizar los beneficios para mejorar su calidad de vida de su familia ya que esta es la única actividad que le permite mantenerse y salir adelante sola, la Sra. Silvia se siente feliz y agradecida con la institución por el apoyo brindado a ella y a sus compañeras de grupo ya que en muchos caso al igual que ella sacan adelante a sus familiaS solas.

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
  • 107
    View loans »
    Bolivia Loans Fundraising
  • $30,301,575
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Rita Group's $2,825 loan helped a member to purchase perfume and cosmetics wholesale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Feb 5, 2013
Feb 19, 2013
Currency Exchange Loss:
Dec 21, 2013