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4 De Mayo Group
In this Group: Rosario, Anahi Silvia, Catalina, Mario, Rene, Isaac Perfecto, Fady Adela, Jannett Patricia, Venus Viviana
The 4 DE MAYO communal bank is comprised of nine members. There are six women and three men. All of them work at different business activities. Anahí is the president of the bank. She is 28 years old, and has two children, ages ten and eight. She sells various items, domestic appliances, cell phones, chargers, and accessories, etc. She lives in the Villa Nuevo Potosí area.

This loan is the first cycle within the institution. She is going to use the loan to buy accessories for cell phones wholesale. Her reason for requesting this loan is that she has orders from her customers.

Anahí faces the challenge in her business of not having capital. She will use the profits for the growth of her business. Her wish is for her business to have more revenue and to financially support her family. This way she will improve her quality of life.
View original language description ↓
El banco de emprendimiento 4 DE MAYO, está compuesto por nueve integrantes seis mujeres y tres varones, todas ellas se dedican a distintas actividades, la presidenta del banco es la señora Anahí, tiene 28 años tiene dos hijos que son de las edades de 10 y 8 años, ella se dedica a la venta de artículos varios, electrodomésticos también celulares, cargadores, accesorios, etc. Ella vive en la zona de Villa Nuevo Potosí, este préstamo este préstamo es la primera secuencia dentro de la institución va a usar este préstamo para la compra de accesorios de celulares por mayor su razón para solicitar este préstamo es que tienen pedidos de sus clientes, la señora Anahí enfrenta retos en su negocio que son la falta de capital, y va a utilizar los beneficios en el crecimiento del negocio su deseo para su negocio es tener mayores ingresos y apoyar a la familia económicamente y así mejorar su calidad de vida.

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

  • $5,500
    Average annual income
  • 224
    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 4 De Mayo Group's $3,925 loan helped a member to buy replacement parts and accessories for cell phones.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 27, 2013
Currency Exchange Loss:
Possible
Ended:
May 22, 2014