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Nuevo Amanecer Group
In this Group: Hilda, Jaime Tomas, Katterine Danitz, Jean Carla, Graciela, Jorge, Katherine Wand, Encarnacion, Marcelina
The communal bank NUEVO AMANECER (New Dawn) comprises nine members, seven women and two men. Jean, 25, is president of the bank and has three children, ages 5, 3, and 7. She makes bread and has been a baker for five years. Her bakery is in Nuevo Amanecer, for which the group named itself. This will be the group's first loan cycle with the institution, and Jean will use the money to buy supplies like flour, yeast, and shortening to make bread. She needs the loan to buy wholesale supplies, since it is cheaper to buy in large quantities.

The challenges Jean faces in her business are attracting more customers and earning more income. She will use her earnings to offer her family a better life. Jean is happy and grateful to the institution for its support of her and all the members, as they work hard to provide for their families.
View original language description ↓
El banco de emprendimiento NUEVO AMANECER está compuesto por nueve integrantes, siete mujeres y dos varones, la presidenta del banco es la Sra. Jean tiene 25 años, tiene tres hijos que son de las edades de 5, 3 y 7años, ella se dedica a la elaboración y venta de pan, ella es panadera desde hace 5 años, su panadería se encuentra en la zona de Nuevo Amanecer de ahí el nombre del grupo, este préstamo es su primera secuencia dentro de la institución, la Sra. Jean 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. Jean 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. Jean 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
  • 85
    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 Nuevo Amanecer Group's $3,275 loan helped a member to buy supplies like flour, yeast, and shortening.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013