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Illampu Group
In this Group: Rita Giovana, Juan, Shirley, Pamela, Carmen Rosa, Brigida, Eulogia Isela, Riony
The community bank ILLAMPU is composed of eight members, six women and two men. The president of the bank is Eulogia, who is 44 years old. Eulogia has her own herd of cows, and she works selling milk and cheese that she makes.

This is Eulogia’s first loan with the community bank. She will use it to buy extra milk to increase her production of cheese. Eulogia says that she needs the loan to do this because she does not have money on hand. She says that the loan will be a big help, because it let her buy a large quantity of milk to make more cheese to improve her income.

Eulogia says that her business faces some challenges, one of which is the ongoing need to buy feed for her cows. She says that she will use her profits to increase the size of her herd, and she hopes to one day sell her cheese wholesale to the various markets in the city of La Paz.
View original language description ↓
El Banco de emprendimiento ILLAMPU está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Eulogia tiene 44 años, ella se dedica a la elaboración y venta de queso y leche ya que tiene ganado vacuno, este préstamo es su primera secuencia dentro de la institución, la Sra. Eulogia utilizara este préstamo para la compra de leche para la elaboración de queso e incrementar su producción , Su razón para solicitar este préstamo es no tiene dinero para la compra ya que esto le beneficiara de gran manera ya que proporcionara buena cantidad de leche y así de esta manera producir más quesos y mejorar sus ingresos económicos, la Sra. Eulogia enfrenta retos en su negocio que son el forraje que debe comprar cada cierto tiempo, y utilizara los beneficios mejorar su ganado y su deseo es poder producir y elaborar quesos por mayor y ofrecer a los distintos mercados de la ciudad de La Paz.

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
  • 91
    View loans »
    Bolivia Loans Fundraising
  • $28,138,200
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Illampu Group's $3,475 loan helped a member to buy milk to make cheese.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 16, 2013
Listed
Oct 12, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014