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Paz Y Progreso * 26 Group
In this Group: Karla Lourdes, Rosmery, Elva Angelica, Gregoria, Jenny Joshida, Narda Fanny, Hilaria Carmen, Maria Lupe
The entrepreneurship group Paz Y Progresso *26 is composed of eight members, all of them women. Hilaria is the president of the group. She is 28 years old and has two children who are aged six and eight.

Hilaria makes a living by selling flowers in her stall in a market in the centre of La Paz. This is her second loan cycle. Hilaria will use this loan to buy a variety of flowers in bulk, because she makes bouquets for sale around this time and has requests for several social events. She needs to fulfil these orders and lacks the working capital.

Hilaria faces challenges, namely expanding the range of interior and decorative flowers, and will use the loan to expand her business.

She is happy and thankful for this opportunity that has been given to her and the rest of the group members, since they very often have to support their families alone.
View original language description ↓
El Banco de emprendimiento PAZ Y PROGRESO * 26, Está compuesto por ocho integrantes todas mujeres la presidenta del banco es la Sra. Hilaria, tiene 28 años y tiene 2 hijos que son de las edades de 6 y 8 años, ella se dedica a la venta de flores en su puesto de venta en un mercado de la zona central de la ciudad de la Paz, este préstamo es su segunda secuencia dentro de la institución, la Sra. Hilaria va a usar este préstamo para la compra de variedad de flores por mayor ya que por estas fechas realiza ramos para la venta y tiene también pedido para distintos acontecimientos sociales su razón para solicitar este préstamo es poder entregar estos pedidos ya que le hace falta de capital de trabajo, la Sra. Hilaria enfrenta retos en su negocio que son poder expandirse en gran la variedad de flores decorativas para interiores y va a utilizar los beneficios en la expansión de su negocio, se siente feliz y agradecida por esta oportunidad que le dan a ella y a sus compañeras de grupo ya que en muchos casos solas mantienen a sus familias.







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

  • $5,500
    Average annual income
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,040,825
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Paz Y Progreso * 26 Group's $5,300 loan helped a member to buy merchandise (various flowers).
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 27, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014