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Pioneras - 26 Group
In this Group: Victor, Zulema Monica, Maria Rusbel, Rocelia Idolina, Teofila , Janneth, Juana, Javier

Update on Pioneras - 26 Group

The PIONERAS - 26 communal bank is made up of eight members: six women and two men. The president of the bank is Víctor who is 57 years old and has children who are already adults and independent. He makes his living making and selling break. His bakery is located in the Villa Dolores area, he is a long-standing customer of the bank, having taken out previous credits always to improve the business.

Víctor will use the loan to buy supplies such as flour, butter and yeast to make bakery goods. Víctor is a person who is keen to improve and is happy and grateful to the bank for the support given as this is the only activity which allows his to support himself and his family. He is also happy and grateful to the bank for the help given to his fellow group members.
View original language description ↓
El Banco de emprendimiento PIONERAS - 26 Está compuesto por ocho integrantes seis mujeres y dos varones, el presidente del banco es el Sr. Víctor tiene 57 años, tiene hijos ya mayores de edad e independientes, el se dedica a la elaboración y venta de pan, su panadería que se encuentra ubicado en la zona de Villa Dolores, es cliente antigua de la institución, saco los anteriores créditos siempre para mejorar su negocio, el Sr. Víctor va a usar este préstamo para la compra de insumos como harina, manteca y levadura por mayor para la elaboración de repostería, el Sr. Víctor es una persona con ganas de superación se siente feliz y agradecido con la institución por el apoyo brindado ya que esta es la única actividad que le permite mantenerse y mantener a su familia, también se siente feliz y agradecido con la institución por el apoyo brindado a su compañeras de grupo.

Previous Loan Details

The PIONERAS – 26 entrepreneur bank is made up of eight members; seven ladies and one gentleman. Ruth is the president. She is 43 years old and has two children, ages 12 and 18. She sells paper goods, school supplies, books, etc. She sells a variety of products depending on the season. Her s... More from Pioneras - 26 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.

Tags

About Bolivia

  • $5,500
    Average annual income
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,031,600
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Pioneras - 26 Group's $4,075 loan helped a member to buy supplies such as flour and butter in bulk to make bakery goods.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2013
Listed
Jul 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014