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La Colina Group
In this Group: Armando, Petrona, Carmen, Virginia, Nancy , Cleopatra, Martha, Cristina, Yolanda
La Colina community bank has nine members: eight women and one man. The bank's president is Virginia. Virginia is 52 years old and is standing third from the left in the photo. She has been a widow for quite a long time. Virginia's business is selling cosmetics through catalogs. She sells her products as an itinerant street vendor, visiting homes and public and private offices in the city of Santa Cruz.

This loan is Virginia's first with the [microfinance] institution and she will use it to buy discounted cosmetics and jewelry wholesale. This will enable her to provide her customers with a good variety of products and she will be able to increase her profits. She is requesting this loan so that she can continue improving her business. Virginia will use the profits that she makes to continue buying a variety of beauty products. She is a very hard-working person who feels happy that she has been offered this opportunity as this is her only source of income.
View original language description ↓
El Banco de emprendimiento la Colina está compuesto por nueve integrantes, ocho mujeres y un varón , la presidenta del banco es la Sra. Virginia tiene 52 años, en la foto tercera desde la izquierda es viuda hace ya bastante tiempo, la Sra. Virginia se dedica a la venta de cosméticos por catalogo, ella vende sus productos de manera ambulante, visitando domicilios y oficinas públicas y privadas de la ciudad de Santa Cruz, donde ofrece sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Virginia va a utilizar este préstamo para la compra de cosmético y joyas por mayor y que se encuentran en promoción y de esta manera brindar variedad de productos a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Virginia va a utilizar los beneficios para seguir comprando variedad de productos de belleza, la Sra. Virginia es una persona muy trabajadora se siente feliz por la oportunidad brindada a ella ya que esta es su única fuente de ingresos.

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
  • 77
    View loans »
    Bolivia Loans Fundraising
  • $29,428,225
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of La Colina Group's $2,900 loan helped a member to buy cosmetics and jewelry wholesale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 8, 2013
May 25, 2013
Currency Exchange Loss:
Nov 17, 2013