Check out some available loans that are similar to this one!
Siempre Amigas Alegres - 26 Group
In this Group: Celia Justina, Basilia, Ayda , Gabriela, Candy Belen, Nelly Ximena, Zulma Eugenia, Gary Fernando, Rosmery
The “Siempre Amigas Alegres-26” (Always Cheerful Girlfriends-26) communal bank has nine members, 8 women and one man. Basilia is the bank president and in the photo is the only person wearing glasses. Basilia’s 28-years-old and has three children.

She works selling seasonal clothing. She sells from place to place visiting various markets and street fairs. This loan is her first sequence in the institution and Basilia will use it to buy clothes like sweaters and jackets at wholesale to stock her business since the cold season is approaching and she sells much then and also has pending orders. Her reason for requesting the loan is lack of capital.

The business challenge Basilia faces is daily competition. She will use profits to buy a sales stand. Her wish for her business is to have assorted merchandise to offer wider variety of products to her customers. Basilia feels happy and grateful to the institution for the support provided because it allows her to improve her business and improve her income.
View original language description ↓
El Banco de emprendimiento SIEMPRE AMIGAS ALEGRES - 26, Está compuesto por nueve integrantes ocho mujeres y un varón, la presidenta del banco es la Sra. Basilia en la foto e sla unica persona que tiene anteojos, la Sra. Basilia tiene 28 años, tiene tres hijos , ella se dedica a la venta de ropa según la temporada, ella vende sus producto de manera ambulante visitando distintos mercados y ferias, este préstamo es su primera secuencia dentro de la institución, la Sra. Basilia va a usar este préstamo para la compra de ropa por mayor como chompas y chamarras para surtir su negocio ya que se acerca la época de frio, y esta época tiene mucha venta e incluso pedidos , su razón para solicitar este préstamo es falta de capital, la Sra. Basilia enfrenta retos en su negocio que son la competencia diaria, va a utilizar los beneficios en comprar un puesto de venta, su deseo para su negocio tener mercadería surtida para ofrecer variedad de productos a su clientes, la Sra. Basilia se siente feliz y agradecida con la institución por el apoyo brindado ya que le permite mejorar en su negocio y mejorar sus ingresos económicos.

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
  • 78
    View loans »
    Bolivia Loans Fundraising
  • $28,055,575
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Siempre Amigas Alegres - 26 Group's $4,575 loan helped a member to buy clothes at wholesale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014