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Sol Naciente - 32 Group
In this Group: Patricia Veronica, Flora , Claudia Bertha, German, Rosse Mary, Martha, Jhanet Pamela, Dayana, Lourdes

Update on Sol Naciente - 32 Group

The "Sol Naciente - 32" communal bank has nine members - eight women and one man. The president is 69-year-old Flora. She is married and has two children, who are now independent. Flora makes a living selling clothes and is continuing with the business as it is going well following the loan that she used to buy clothes. On this occasion she is applying for a loan to buy clothes such as overcoats. Some of the group members have changed. They did not have problems repaying their loans but they no longer wanted to renew them. Flora is grateful for this now opportunity as it will allow her to improve her business.
View original language description ↓
El Banco de emprendimiento SOL NACIENTE – 32 está compuesto por ocho integrantes, ocho mujeres y dos varones, la presidenta del banco es la Sra. Flora tiene 69 años, casada con hijos independientes, ella se dedica a la venta de ropa, sigue con esta actividad cuenta que le fue bastante bien con el crédito que lo utilizo en compra de ropa en esta ocacion solicita el crédito para la compra de ropa como chamarras, algunos de los integrantes cambiaron, no tuvieron problemas en el pago de sus cuotas sino que ya no quisieron renovar su crédito, la Sra. Flora se siente agradecida por esta nueva oportunidad que le brindan ya que esto le permite mejorar en su negocio.

Previous Loan Details

The community bank Sol Naciente - 32 is comprised of eight members, six of whom are women and two of whom are men. The president of the bank is Flora. Flora is a 68-year old married woman with two adult children who are now living independently. She has a business selling clothes. She has a… More from Sol Naciente - 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

  • $2,817
    Average annual income
  • 89
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol Naciente - 32 Group's $3,475 loan helped a member to buy clothes (overcoats) in bulk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 22, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014