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Bibosi Group
In this Group: Mirtha, Dora, Zandra, Mariana , Telma, Bella, Marilid Suxan , Luis Alberto
The communal bank "BIBOSI" is composed of 8 members - 6 women and 2 men. The President of this group, Dora, is 26 years old and works selling clothing. She does not have a fixed place from which she sells, but rather sells by visiting different neighborhoods and passing through fairs and markets, offering her merchandise as she goes. This loan is her first with the institution.

Dora plans to use her loan to buy this season's clothing in bulk, in order to stock her business. She will buy a lot of sweaters as the weather is starting to get cold. One of Dora's biggest challenges in her business is that she has to walk a lot in order to sell her merchandise, and she would like to use the profits from the goods she sells in order to invest in a fixed market stall. Her dream is to be able to continue selling her clients the variety of merchandise that they demand. Dora is very happy and grateful to this institution for the help it has provided her, and is also very grateful for the other members of her group, all of whom are working very hard to get their families ahead.
View original language description ↓
El banco de emprendimiento BIBOSI está compuesto por ocho integrantes, siete mujeres y un varón, la presidenta del banco es la Sra. Dora tiene 26años, ella se dedica a la venta de ropa, en de, manera ambulante visitando barios como también ferias y mercados para ofrecer su mercadería, este préstamo es su primera secuencia dentro de la institución, la Sra. Dora va a usar este préstamo para la compra de ropa de temporada por mayor para su negocio ella quiere comprar chompas ya que ya esta empezando el frio, su razón para solicitar este préstamo es falta de capital, la Sra. Dora enfrenta retos en su negocio que son que tiene que caminar mucho con su mercadería para poder vender, 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. Dora 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
  • 78
    View loans »
    Bolivia Loans Fundraising
  • $28,120,450
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Bibosi Group's $4,850 loan helped a member to buy clothing in bulk.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 21, 2013