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Amigas Por Siempre - 26 Group
In this Group: Carla Monica, Giovana Rosa, Lupe, Luis Silvestre, Douglas Humberto, Ana Teresa, Oscar Armando, Rosario

Update on Amigas Por Siempre - 26 Group

The AMIGAS POR SIEMPRE – 26 communal bank is made up of eight members, five women and three men. THey work in different activities. The president of the bank is Lupe. She is 28. She has two children who are school aged. She has worked making clothing for several years. She makes work clothes and overalls. Her workshop is in her house. located in the Achachicala area. Lupe is going to use this loan to buy fabric wholesale to make clothing. Her reason for asking for this loan is to increase her investment capital, since she has contracts with businesses to which she delivers the finished product. She also delivers to different markets where they sell work clothes. Lupe faces challenges in her business, such as increasing her income. She is going to use her profits to invest in buying sewing materials to make good quality clothing and thus have more orders from her customers. Lupe is a very hardworking person who is happy and grateful to the institution for the support it has given.
View original language description ↓
El Banco de Emprendimiento AMIGAS POR SIEMPRE – 26 está compuesta por ocho integrantes de los cuales cinco son mujeres y tres varones que se dedican a distintas actividades, la presidenta del banco es la Sra. Lupe tiene 28 años, tiene dos hijos que se encuentran en edad escolar, se dedica a la confección de prendas de vestir desde hace ya varios años ella confecciona ropa de trabajo, overoles, su taller se encuentra en su mismo domicilio que es en la en la zona del Achachicala, la Sra. Lupe va a utilizar este préstamo para la compra de telas para la confección de prendas de vestir por mayor, su razón para solicitar este préstamo es para incremento de capital de inversión ya que ella tiene contratos con empresas a los que entrega el producto terminado, como también entrega a distintas ferias donde venden ropa de trabajo, la Sra. Lupe enfrenta retos en su negocio que son aumentar sus ingresos y va a utilizar los beneficios invirtiendo en la compra de materiales para la confección de prendas de buena calidad y así tener más pedidos de clientes, la Sra. Lupe es una persona muy trabajadora se siente feliz y agradecida con la institución por el apoyo brindado.

Previous Loan Details

Communal bank AMIGAS POR SIEMPRE – 26 is made up of eight members, five female and three male, that make a living through various activities. The bank's president is Ana. She is 28, has two school-aged children and sells catalogue cosmetics. She does this in an itinerant way, offering her product... More from Amigas Por Siempre - 26 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

  • $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 Amigas Por Siempre - 26 Group's $5,650 loan helped a member to buy fabric.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 20, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Amigas Por Siempre - 26 Group. It was first posted on Kiva on Nov, 2012. Learn More