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Nuevo Amanecer Group
In this Group: Hilda, Jaime Tomas, Katterine, Jean Carla, Encarnacion, Marcelina, Fanny , Helio, Jenny Marianela
The Nuevo Amanecer communal bank is made up of nine members: seven women and two men. The president of the communal bank is Jean who is 25 years old and has three children. Jean makes her living making and selling a variety of cakes in her bakery. Her store is found in the Tierras Nuevas area of the city of Santa Cruz, and this loan is the first loan cycle of this institution. Jean will use this loan to buy supplies such as flour, sugar and baking powder to make cookies, rice bread, cheese bread and corn biscuits. The reason she is seeking this loan is a lack of working capital. Jean is facing a series of challenges in her business from the competition that exists in the area such as improving her quality of life and she will use the profits to increase her production. She is grateful for this opportunity which this loan has given her as it is the only activity which will enable her to support herself.
View original language description ↓
El Banco de emprendimiento NUEVO AMANECER está compuesto por nueve integrantes siete mujeres y dos varones, la presidenta del banco es la Sra. Jean tiene 25 años y tiene tres hijos, ella se dedica a la elaboración y venta de variedad de repostería en su panadería, ella tiene su tienda que se encuentra en la zona de Tierras Nuevas de la ciudad de Santa Cruz, este préstamo es su primera secuencia dentro de la institución, la Sra. Jean va a usar este préstamo para la compra de insumos como harina azúcar y levadura para la elaboración de galletas, pan de arroz, cuñapes y galletas de maíz, su razón para solicitar este préstamo es la falta de capital de trabajo, la Sra. Jean enfrenta retos en su negocio que son la competencia que existe en la zona como también la de mejorar su calidad de vida y va a utilizar los beneficios para incrementar su producción, se siente feliz por esta oportunidad que le brindan en la otorgación del crédito ya que esta es la única actividad que le permite mantenerse.


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.

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About Bolivia

  • $2,817
    Average annual income
  • 96
    View loans »
    Bolivia Loans Fundraising
  • $28,171,500
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer Group's $3,625 loan helped a member to buy supplies such as flour, sugar and baking powder.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 26, 2013
Listed
Sep 22, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014