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Sol Naciente - 32 Group
In this Group: Patricia Veronica, Flora , Rosario, Emeliana, Juan Gonzalo, Claudia Bertha, German, Lourdes
The community bank Sol Naciente - 32 is comprised of eight members, six of whom are women and two of whom are men. The president of the bank is Flora.

Flora is a 68-year old married woman with two adult children who are now living independently. She has a business selling clothes. She has a stall in a popular market in the city of Cochabamba. This is her first loan from this institution. She will use the funds to buy clothing at wholesale for her business. Her reason for seeking the loan is lack of capital. She faces challenges in her business such as daily competition. She will also use the funds to continue to make improvements to her stall. She hopes to keep her business well-stocked so that she can offer a variety of products to her customers.

She is thankful to the institution for their support that they have provided to her. She is also grateful for her fellow group members since they all work hard to provide better conditions for their families.
View original language description ↓
El Banco de emprendimiento SOL NACIENTE – 32 está compuesto por ocho integrantes, seis mujeres y dos varones, la presidenta del banco es la Sra. Flora tiene 68 años, casada con hijos independientes, ella se dedica a la venta de ropa, en su puesto de venta que se encuentran en una populosa feria de la ciudad de Cochabamba, este préstamo es su primera secuencia dentro de la institución, la Sra. Flora va a usar este préstamo para la compra de ropa por mayor para su negocio, su razón para solicitar este préstamo es falta de capital, la Sra. Flora enfrenta retos en su negocio que son la competencia diaria, va a utilizar los beneficios en seguir mejorando su puesto de venta, su deseo para su negocio tener mercadería surtida para ofrecer variedad de productos a su clientes, la Sra. Flora 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

  • $5,500
    Average annual income
  • 142
    View loans »
    Bolivia Loans Fundraising
  • $33,337,025
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol Naciente - 32 Group's $3,775 loan helped a member to buy seasonal clothing for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Feb 4, 2013
Mar 5, 2013
Currency Exchange Loss:
Aug 17, 2013