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Cristo Viene Group
In this Group: Filomena, Dionicia , Ruben, Claudina, Regina Angelica, Wilfredo, Alicia Julia, Brigida
The entrepreneurial bank CRISTO VIENE is comprised of eight members: six women and two men. The president of the bank is Filomena, 49, who is married and has four school-aged children, 16, 14, 12 and 10. She sells traditional coca leaves for a living. Many people use them to cure their ills, either in the form of infusion or chewing them to avoid fatigue, so it is something that is widely consumed.

Filomena has a stall in the high area of Llojeta. This is her first loan through the institution and she plans to use it to buy packs of coca leaves so she can increase her work capital. Filomena is up against competition since many people sell coca, but in order to sell the product one needs a license. Filomena will use the profits to continue stocking her stall. She is happy and grateful to the institution for the support given to her and the other members of the group.
View original language description ↓
El Banco de emprendimiento CRISTO VIENE Está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Filomena tiene 49 años y es casada con 4 hijos que son de las edades de 16, 14, 12 y 10 años, todos se encuentran en edad escolar, ella se dedica a la venta de la hoja de coca, que es una hoja tradicional, mucha gente la utiliza para curra distintos males de forma de mate o también masticándola para evitar la fatiga, por eso esta hoja es muy consumida, la Sra. Filomena tiene su puesto de venta en la zona de alto Llojeta, este préstamo es su primera secuencia dentro de la institución Sra. Filomena va a usar este préstamo para la compra de taques de coca y así de esta manera incrementar su capital de trabajo la Sra. Filomena enfrenta retos en su negocio que son la competencia ya que existen varias personas que venden coca, pero para vender este producto se necesita de un permiso la Sra. Filomena va a utilizar los beneficios compra en seguir surtiendo su puesto de venta, se siente feliz y agradecida con la institución por el apoyo brindado a ella y a sus compañeras de grupo.

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
  • 89
    View loans »
    Bolivia Loans Fundraising
  • $29,017,150
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Viene Group's $3,475 loan helped a member to buy coca leaves.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013