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Santa Terecita-32 Group
In this Group: Virginia, Miguelina, Reynaldo Jesus, Araceli Fabiola, Erika Milenka, Reynerio Nicanor, Marcelina, Vidangos , Veronica, Deicy, Kendrin
Santa Terecita-32 Communal Bank is made up of eleven members, eight women and three men. The president of the bank is Erika, 21. She makes a living selling clothing in her stall in a busy fair in the city of Cochabamba.

This loan is Erika's first sequence with the institution. She going to use it to buy clothing wholesale for her business. She's requesting this loan because she needs the capital.

The challenge Erika faces in her business is the daily competition. She's going to use the profits to continue improving her sales stall. Her goal for her business is to have merchandise stocked so she can offer her customers a variety of products.

Erika's happy and she's grateful to the institution for the support it gives her and all her fellow group members, because they're people who work hard to get their families ahead.
View original language description ↓
El Banco de emprendimiento SANTA TERECITA-32 está compuesto por once integrantes, ocho mujeres y tres varones, la presidenta del banco es la Sra. Erika tiene 21 años, 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. Erika 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. Erika 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. Erika 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
  • 200
    View loans »
    Bolivia Loans Fundraising
  • $31,424,025
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Terecita-32 Group's $4,650 loan helped a member to buy seasonal clothing wholesale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 8, 2013
Mar 7, 2013
Currency Exchange Loss:
Sep 17, 2013