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Villa Alegre Group
In this Group: Mary Yenny, Uvaldina, Laura, Gladis, Elena, Ana Gabriela, Maria Magdalena, David Moises
The communal bank Villa Alegre is composed of eight members: seven women and one man. The president of the bank is Mary, the middle one in the photo with white pants. She is 31 years old and has three children, ages 9, 13 and 6 years. She makes her living selling perfumes and colognes and cosmetics by catalog. She sells beauty products door to door, visiting public and private institutions, various neighborhoods and homes, offering her products.

This is her first loan with the institution. Mary is going to use this loan to buy wholesale perfumes and colognes that are on sale to have them in stock for her business. Her reason for applying for this loan is to have a variety of products to satisfy her customers. Mary faces challenges in her business, which are to attend to her customers efficiently, and she is going to use the benefits to improve her family's quality of life, since this is the only business that allows her to support herself and get ahead on her own.

Mary is happy and grateful to the institution for the support provided to her and her fellow group members, who in many cases, also move their families forward, just like her.
View original language description ↓
El Banco de emprendimiento VILLA ALEGRE, Está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. Mary en la foto la del medio con pantalon blanco, tiene 31 años tres hijos de las edades de 9, 13 y 6 años, se dedica a la venta de perfumes y colonias y cosméticos por catalogo, es promotora de productos de belleza ella vende de manera ambulante visitando instituciones públicas y privadas, barrios distintos domicilios ofreciendo sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Mary va a usar este préstamo para comprar perfumes y colonia por mayor que se encuentran en promoción para tener en stock para su negocio, su razón para solicitar este préstamo es tener variedad de productos para satisfacer a sus clientes, la Sra. Mary enfrenta retos en su negocio que son atender con eficiencia a sus clientes y va a utilizar los beneficios para mejorar su calidad de vida de su familia ya que esta es la única actividad que le permite mantenerse y salir adelante sola, la Sra. Mary se siente feliz y agradecida con la institución por el apoyo brindado a ella y a sus compañeras de grupo ya que en muchos casos al igual que ella sacan adelante a su familia.

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.

Tags

About Bolivia

  • $2,817
    Average annual income
  • 137
    View loans »
    Bolivia Loans Fundraising
  • $30,349,900
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Villa Alegre Group's $3,475 loan helped a member to buy perfumes and colognes wholesale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 25, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014