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6 De Agosto Group
In this Group: Elena, Celidonia, Faviola, Erminia, Carmen, Alina, Matilde, Rocio
The entrepreneurship bank 6 de Agosto is made of eight members, all women.

The president of the bank is Elena, who is 23 years old. She earns her living selling cosmetics through a catalog. She is a promoter of beauty products and is a traveling salesperson, visiting public and private institutions, various neighborhoods and homes offering her products.

This loan is her first sequence with the institution. Elena will use this loan to buy cosmetics on promotion to have in stock for her business.

Her reason for asking for this loan is to have a variety of products to satisfy her clients. Elena faces challenges in her business, which are serving her clients efficiently.

She will use the benefits to improve her family's quality of life. This is the only activity which allows her to maintain and move forward alone. In many cases, her companions in the group are also supporting their families alone.
View original language description ↓
El Banco de emprendimiento 6 DE AGOSTO está compuesto por ocho integrantes todas mujeres, la presidenta del banco es la Sra. Elena tiene 23 años, ella se dedica a la venta de cosméticos por catalogo, es promotora de productos de belleza ella vende de manera ambulante visitando instituciones públicas y privadas, barrios distintos domicilios ofreciendo sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Elena va a usar este préstamo para comprar cosméticos que se encuentran en promoción para tener en stock para su negocio, su razón para solicitar este préstamo es tener variedad de productos para satisfacer a sus clientes, la Sra. Elena enfrenta retos en su negocio que son atender con eficiencia a sus clientes y va a utilizar los beneficios para mejorar su calidad de vida de su familia ya que esta es la única actividad que le permite mantenerse y salir adelante sola y en muchos de los casos sus compañeras de grupo también sacan adelante a su familia solas.

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
  • 94
    View loans »
    Bolivia Loans Fundraising
  • $30,286,425
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 6 De Agosto Group's $4,500 loan helped a member to buy cosmetics that are on promotion.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 28, 2013
Listed
Oct 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014