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Quebrada Seca Group
In this Group: Adela , Beatriz Daniel, Maria, Raquel, Iraida, Consuelo, Amanda, Helen, Anabel
The community bank “Veloz del norte” (speed of the north) is comprised of 9 members who are all women and work in distinct activities. The president of the bank is Iradia. She is 44-years-old, she is married with 4 children who are of school age. She works in the sale of clothing depending on the season. Her store is located in Quebrada Seca (Dry Revine) from which the name of the group is derived.


This will be her second loan through the group. Iradia will use the loan to purchase wholesale clothing such as sweaters and jackets to supply her business. The reason she is requesting the loan is because she lacks capital. On a daily basis, Iradia confronts competitive challenges to her business. She will use the loan and continue to improve her store. Her dream for her business is to have a variety of supplies to offer her clients. Iradia is happy and grateful to the institution for the help provided that will allow her to improver her business.
View original language description ↓
El Banco de Emprendimiento VELOZ DEL NORTE está compuesto por nueve integrantes todas mujeres que se dedican a distintas actividades, La presidenta del banco es la Sra. Iradia tiene 44 años, casada tiene cuatro hijos que se encuentran en edad escolar, ella se dedica a la venta de ropa según la temporada, en su puesto de venta que se encuentran en la localidad de Quebrada Seca de ahi el nombre del grupo, este préstamo es su segunda secuencia dentro de la institución, la Sra. Iradia va a usar este préstamo para la compra de ropa por mayor como chompas y chamarras para surtir su negocio, su razón para solicitar este préstamo es falta de capital, la Sra. Iradia enfrenta retos en su negocio que son la competencia diaria, 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, l la Sra. Iradia se siente feliz y agradecida con la institución por el apoyo brindado ya que le permite mejorar en su negocio.

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

  • $5,500
    Average annual income
  • 179
    View loans »
    Bolivia Loans Fundraising
  • $30,790,450
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Quebrada Seca Group's $4,725 loan helped a member to purchase wholesale clothing such as sweaters and jackets.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2013
Listed
May 12, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014