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Venus - 32 Group
In this Group: Rosa, Abigail, Mirtha Amalia , Alberto, Nemecia Silvia, Virginia, Jhoselyn, Lucas Justo, Shirley, Giovana Soraya

Update on Venus - 32 Group

Venus-32 Communal Bank is made up of ten members, eight women and two men. This bank already has a loan with the institution. Some members have changed because there were some problems; only the responsible people stayed.

Abigail, 23, is still the president of the bank. She has a little boy who's three years old. Abigail's job for some time has been selling vehicle accessories. Her store's located in the Siles area, which is busy with drivers who are doing maintenance on their vehicles.

This is her second loan sequence with the institution. Abigail's going to use this loan to buy accessories and parts to stock her store. This way she'll offer better customer service and increase her profits.

She says it went well for her with the previous loan, which she also used to buy accessories because she always wants to stock her store with a variety of products. She's requesting this loan to continue improving her business. Abigail's going to use the profits to continue buying accessories.

Abigail's a very hardworking person. She's happy about the opportunity for herself and her group members because in some cases they support their families alone.
View original language description ↓
El Banco de emprendimiento VENUS – 32 está compuesto por diez integrantes ocho mujeres y dos varones, este banco ya tiene un crédito con la institución, cambiaron algunas socias ya que hubo algunos problema entre ellas, solo quedaron las personas responsables, la presidenta del banco sigue siendo la Sra. Abigail tiene 23 años y tiene un hijito de la edad de 3años, La Sra. Abigail tiene la actividad de venta de accesorios para movilidad desde hace ya bastante tiempo tiene su tienda de accesorios que se encuentra en la zona Siles en este lugar es muy concurrido por choferes que realizan el mantenimiento de sus vehículos, este préstamo es su segunda secuencia dentro de la institución, la Sra. Abigail va a usar este préstamo para la compra de accesorios y repuestos para surtir su tienda y así de esta manera brindar un mejor servicio a sus clientes e incrementar sus ganancias, cuenta que le fue bien con el anterior crédito que lo utilizo también en la compra de accesorios ya que siempre quiere surtir su tienda de variedad de productos su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Abigail va a utilizar los beneficios para seguir comprando accesorio la Sra. Abigail es una persona muy trabajadora se siente feliz por la oportunidad brindada a ella ya sus compañeras de grupo ya que en algunos casos mantienen solas a sus familias.

Previous Loan Details

The communal bank Venus - 32 is made up of ten members, seven women and three men. The bank president is Abigail. She is 22 years old and has a small son who is 2 years old. Abigail has had as her activity the sales of car accessories for quite awhile. She has her accessory store in the area o... More from Venus - 32 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

  • $5,500
    Average annual income
  • 136
    View loans »
    Bolivia Loans Fundraising
  • $32,164,750
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
A portion of Venus - 32 Group's $4,125 loan helped a member to buy vehicle accessories.
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 23, 2013
Jun 16, 2013
Currency Exchange Loss:
Jul 16, 2013