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Nueva Vida Group
In this Group: Noheli Kharem, Reynaldo Omar, Naty Andrea , Judith, Felipe, Maxima, Jhaquelin, Lilian
The entrepreneur bank NUEVA VIDA is comprised of eight members, six of whom are women and two men. The president of the bank is Naty, 49, who is married and has two children, ages 12 and 9, who go to school. She knits blankets and women's sweaters in her workshop in the area known as El Carmen. This will be her first loan through the institution and Naty plans to use it to buy wool wholesale to make blankets and sweaters. This is the time of year she has many orders and also delivers to the city markets in El Alto.

She is requesting a loan to increase her work capital. Naty must face business challenges such as keeping her business stocked with merchandise. She will use the profits to continue buying materials wholesale so she can do her knitting work. Naty is happy and grateful to the institution for the support she is receiving.
View original language description ↓
El banco de emprendimiento NUEVA VIDA está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Naty tiene 49 años, casada tiene dos hijos de las edades de 12 y 9 años todos se encuentran en edad escolar, ella se dedica a tejido de mantas, chompas para las mujeres de pollera, tiene su taller en la zona de El Carmen, este préstamo es su primera secuencia dentro de la institución, la Sra. Naty va a usar este préstamo para la compra de lana por mayor para el tejido de sus mantas y chompas ya que por esta fechas tiene mucha venta también entrega pedidos a los distintos mercados de la ciudad de el alto, su razón para solicitar este préstamo es incremento de capital de trabajo, la Sra. Naty enfrenta retos en su negocio que son surtir su mercadería y va a utilizar los beneficios e seguir comprando por mayor sus materiales para el tejido de sus prendas, la Sra. Naty se siente feliz y agradecida con la institución por el apoyo brindado.

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
  • 123
    View loans »
    Bolivia Loans Fundraising
  • $30,305,725
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Vida Group's $6,225 loan helped a member to buy wool to make sweaters and blankets.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
Apr 17, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 21, 2013