Check out some available loans that are similar to this one!
Imperio Group
In this Group: Ramona, Elizabeth, Claudia Madelen, Lizett Karla, Gabriel, Roxana , Silvia Eugenia, Gregorio, Elvira , Sonia Arminda
The “Imperio” (Empire) communal bank has ten members: 8 women and two men. The bank president is Ramona, 35. She has three children aged 5, 7, and 11 years. She works building doors and furniture with her husband who is a carpenter. Ramona’s carpentry shop is located in the city of Santa Cruz’s Cenetrop zone. She’s been in this line of work for 15 years already having learned the occupation from her father who was also a carpenter.

This loan will be her first sequence in the institution and Ramona will use it to buy lumber to build doors. The reason for requesting this loan is the lack of capital needed to buy this work material because without it Ramona would be unable to manufacture the doors.

The business challenge Ramona faces is to move out of poverty. She will use profits to improve her quality of life since this is the only activity she has that makes it possible for her to support herself and her family. Because of this, she feels happy and grateful to the institution for the support provided.
View original language description ↓
El banco de emprendimiento Imperio está compuesto por diez integrantes ocho mujeres y dos varones, la presidenta del banco es la Sra. Ramona tiene 35 años, tiene tres hijos de las edades de 5, 7 y 11 años, ella se dedica a la construcción de puertas y muebles junto a su esposo quien es carpintero, la Sra. Ramona tiene su carpintería que se encuentra ubicado en la zona de Cenetrop de la ciudad de Santa Cruz se dedica a esta actividad desde hace ya 15 años esta actividad lo aprendió de su padre quien también era carpintero, este préstamo es su primera secuencia dentro de la institución, la Sra. Ramona utilizara este préstamo para la compra de madera para la construcción de puertas, su razón para solicitar este préstamo es la falta de capital para la compra de este material de trabajo, ya que sin esto no podría realizar puertas la Sra. Ramona enfrenta retos en su negocio que son salir de la pobreza va a utilizar los beneficios para mejorar su calidad de vida, ya que esta es su única actividad que le permite mantenerse y mantener a su familia, por este motivo se siente feliz ya 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
  • 107
    View loans »
    Bolivia Loans Fundraising
  • $30,301,575
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Imperio Group's $3,625 loan helped a member to buy lumber.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013