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6 De Agosto Group
In this Group: Bella, Mariela, Juan Carlos, Celidonia, Marioly, Faviola, Erminia, Carmen, Willan, Alina, Matilde
The communal bank 6 de Agosto is made up of eleven members, nine women and two men.

The president of the bank is Mariela. She is 33 years old. She has two children who are 5 and 14 years old. She works making and selling bread. She has been a baker for 8 years. Her bakery is in the town of Rio Seco.

This is her second loan cycle with the institution. She used the previous loan for her business. Mariela will use this loan to buy supplies such as flour, yeast and butter to make bread. Her reason for asking for this loan is to buy wholesale supplies as it is cheaper to buy in quantity.

Mariela faces challenges in her business such as to have more customers in order to generate more income, and she is going to use the loan proceeds to give a better quality of life to her family. Mariela is happy and grateful to the institution for the support provided to her and all the group members as they are people that work hard to bring up their families.
View original language description ↓

El Banco de emprendimiento 6 DE AGOSTO está compuesto por once integrantes, nueve mujeres y dos varones, la presidenta del banco es la Sra. Mariela tiene 33 años, tiene dos hijos que son de las edades de 5 y 14 años, ella se dedica a la elaboración y venta de pan, ella es Panadera desde hace 8 años, su panadería se encuentra en la localidad de Rio Seco este préstamo es su segunda secuencia dentro de la institución el anterior crédito lo utilizo para su negocio, la Sra. Mariela utilizara este préstamo para la compra de insumos como harina, levadura y manteca para la elaboración de pan su razón para solicitar este préstamo es compra de insumos por mayor ya que es más barato comprar por cantidad, la Sra. Mariela enfrenta retos en su negocio que son tener más clientela y así de esta manera generar más ingresos y va a utilizar los beneficios en brindar una mejor calidad de vida a su familia, la Sra. Mariela se siente feliz y agradecida con la institución por el apoyo brindado a ella y a todas sus compañeras de grupo ya que son personas que trabajan duro para sacar adelante a sus familias.

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
  • 75
    View loans »
    Bolivia Loans Fundraising
  • $28,950,000
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 6 De Agosto Group's $5,075 loan helped a member to buy flour, yeast and butter to make bread for her bakery buying at wholesale prices.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013