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Barrio Lindo Group
In this Group: Heidy, Roxana, David Vicente, Eduarda Genara, Jose Luis, Veronica, Leydy Paola, Reina
The entrepreneurial bank "Barrio Lindo" consists of eight members, six women and two men. All work in different businesses. The president of the bank is Señora Heidy. She is 32 years old and is married, with four children. She sells juices and natural fruit drinks. She sells her products as a street vendor in the busy fair in the Barrio Lindo area, from which the name of the bank is taken. This loan is her first one with this institution. Señora Heidy is going to use this loan to buy a freezer to preserve her fruits and products. Señora Heidy faces challenges such as competition in her business. She is going to use the profits to continue buying ingredients and utensils to continue improving her business and in this way generate more income.
View original language description ↓
El banco de emprendimiento BARRIO LINDO está compuesto por ocho integrantes seis mujeres y dos varones, todos ellos se dedican a distintas actividades, la presidenta del banco es la señora Heidy tiene 32 años casada con cuatro hijos, ella se dedica a la venta de jugos y refrescos de frutas naturales, ella vende sus productos de manera ambulante en la feria populosa de la zona de Barrio Lindo de ahí el nombre del Banco, este préstamo es su primera secuencia dentro de la institución, la señora Heidy va a usar este préstamo para compra de un frízer para mantener sus frutas y productos conservados, la señora Heidy enfrenta retos en su negocio que son la competencia y va a utilizar los beneficios en seguir comprando insumos y utensilios para ir mejorando su negocio así de esta manera genera más ingresos económicos.

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
  • 89
    View loans »
    Bolivia Loans Fundraising
  • $28,926,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Barrio Lindo Group's $3,200 loan helped a member to buy a freezer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 15, 2013
Listed
Nov 19, 2013
Currency Exchange Loss:
Possible
Ended:
May 22, 2014