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Kantutas Group
In this Group: Francisca, Rita Candelaria, Antonia, Leonel, Marco Antonio, Rosminda Catalina, Yanneth Yovana, Maria Martha, Elizabeth Bertha
The Communal Bank "Kantutas" consists of nine members, seven women and two men. The members of this bank engage in different businesses. The president of the bank is Sra. Francisca. She is 50 years old, married, and has two children (ages 13 and 9). Francisca sells food from a stand located in the April 12th District in the city of La Paz. This is her first loan cycle with Emprender.



Sra. Francisca will use her loan to buy ingredients for preparing her dishes, which includes groceries for her business. Her reason for requesting this loan is to increase her capital. Sra. Francisca faces challenges in her business, such as the competition that exists from different places that sell food in her area. She will use the profits to continue buying tables and chairs so that she can expand her business.



Francisca is pleased and grateful for this opportunity that has been given since her business is the only way for her to support herself.
View original language description ↓
El banco de emprendimiento KANTUTAS está compuesto por nueve integrantes, siete mujeres y dos varones, los socios de este banco se dedican a distintas actividades, la presidenta del banco es la Sra. Francisca tiene 50 años, casada con dos hijos de las edades de 13 y 9 años ella se dedica a la venta de comida, tiene su puesto de venta que se encuentra ubicada en la zona de 12 de Abril de la ciudad de La paz, este préstamo es su primera secuencia dentro de la institución, la Sra. Francisca va a usar este préstamo para compra de víveres para la elaboración de sus comidas como abarrotes para su negocio, su razón para solicitar este préstamo es incremento de capital, la Sra. Francisca enfrenta retos en su negocio que son la competencia ya que existen varios lugares que venden comida por la zona y va a utilizar los beneficios en seguir comprando mesas y sillas para ampliar su negocio, se siente feliz ya agradecida por la oportunidad que le brindan 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.

Tags

About Bolivia

  • $2,817
    Average annual income
  • 105
    View loans »
    Bolivia Loans Fundraising
  • $29,137,325
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Kantutas Group's $3,200 loan helped a member to buy ingredients for preparing her dishes.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 9, 2013
Listed
Nov 12, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 22, 2014