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Las Orquideas Group
In this Group: Ronald, Lourdes, Diosmira, Doris Maribel, Moises Maycol, Ana Teresa , Giovana Jaqueline, Lourdes Vanessa
The communal bank LAS ORQUIDEAS (The Orchids) is made up of eight members: six women and two men, who make their livings in different areas. The president of the bank is Ana, who is 63. She makes a living in the retail business, offering a variety of products from kitchen items to products that vary according to season - but only plastic items.

She delivers her merchandise by visiting sales stalls and residences, since she sells her products on credit. Ana lives in a home in the Tembladerani zone of the city of La Paz. This is her first loan cycle with this institution. Ana will use this loan to purchase merchandise, since she has many orders, and in this way she can increase her working capital.

The reason she is requesting this loan is to purchase merchandise. Ana faces challenges in her business, such as the demand for new products, and she is going to use the profits to provide better customer service by buying varied products. Ana feels happy and grateful to the institution for the support it has offered her by granting her this loan.
View original language description ↓
El Banco de Emprendimiento LAS ORQUIDEAS está compuesto por ocho integrantes seis mujeres y dos varones que se dedican a distintas actividades, la presidenta del banco es la Sra. Ana tiene 63 años, ella se dedica al comercio minorista, ofreciendo variedad de productos desde cosas de cocina como variedad de productos según la temporada pero solo de plástico, visitando y entregando a su mercadería puestos de venta y domicilios, ya que entrega sus productos a crédito, la Sra. Ana vive en su domicilio que se encuentra en la zona de Tembladerani de la Ciudad de La Paz, este préstamo es su primera secuencia dentro de la institución, la Sra. Ana va a usar este préstamo para la compra de mercadería, ya que tiene muchos pedidos y así de esta manera incrementar su capital de trabajo, su razón para solicitar este préstamo es compra de mercadería, la la Sra. Ana enfrenta retos en su negocio que es la demanda que hay de nuevos productos y va a utilizar los beneficios en una mejor atención con la compra de variedad de producto, la Sra. Ana se siente feliz y agradecido con la institución por el apoyo brindado en la otorgación del crédito.

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.


About Bolivia

  • $5,500
    Average annual income
  • 203
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Orquideas Group's $2,925 loan helped a member to buy wholesale merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 26, 2013
Oct 26, 2013
Currency Exchange Loss:
Apr 26, 2014