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Los Del Huaycho Group
In this Group: Juliana, Agustina, Teresita, Maria, Edith Yovana, Freddy Carlos, Candelaria, Jose Luis*
* not pictured

Update on Los Del Huaycho Group

Los del Huayacho Communal Bank is made up of eight members, six women and two men. The president of the bank is Fredy, 31. He has two children and makes a living in public transportation, work he has done for several years.

This is Fredy's first loan with the institution; he'll use it to maintain his vehicle. He's requesting the loan because he lacks the capital to fix his vehicle, which has a few defects that keep him from doing a good job.

Fredy's happy and grateful to the institution for the help for him and his fellow group members because in many cases they're people who get their families ahead alone.
View original language description ↓
El Banco de Emprendimiento LOS DEL HUAYCHO Está compuesto por ocho integrantes, seis mujeres y dos varones, el Presidente del banco es el Sr. Fredy tiene 31 años tiene dos hijos, el se dedica al servicio de transporte público, el se dedica a esta actividad hace ya varios años, este préstamo es su primera secuencia dentro de la institución, el Sr. Fredy utilizara este préstamo para el mantenimiento de su movilidad, su razón para solicitar este préstamo es falta de capital para el arreglo de su movilidad ya que está presentando algunas fallas y esto no le permite realizar un buen trabajo, el Sr. Fredy se siente feliz y agradecido con la institución por el apoyo brindado a él y a sus compañeras de grupo ya que en muchos caso son personas que sacan adelante solas a sus familias.

Previous Loan Details

The community bank "Los del Huaycho" is made up of eight members, all of whom are women. The president of the bank, Betzabe, is 28 years old and has a six-year-old son. She makes traditional Bolivian ponchos, and she has been doing this for several years. Her shop is located in the area of ... More from Los Del Huaycho Group's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 237
    View loans »
    Bolivia Loans Fundraising
  • $31,596,875
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Del Huaycho Group's $2,000 loan helped a member maintain his vehicle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2013
Listed
Mar 11, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013