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Yungueñitas 27 Group
In this Group: Paulina, Maribel, Alisson, Hector, Elena, Ruben Alejandro, Miriam Antonieta, Bilma, Monica Nieves, Sergio

Update on Yungueñitas 27 Group

The communal bank YUNGUEÑITAS 27 is made up of 10 members, seven women and three men, who have different businesses. The president of the group is still Paulina. She is 69 years old and has the same business knitting alpaca sweaters and blankets for women. She has her workshop and home in the Pedro Domingo Murillo neighborhood. She tells us that her last loan went well and she used it to purchase wool. She is going to use it to purchase alpaca wool wholesale to knit sweaters and blankets. Towards the end of the year and during Christmas she has a lot of sales. She also delivers orders to different markets in the city of La Paz. She is happy and grateful to Kiva lenders for the opportunity they give her to grow her business.
View original language description ↓
El Banco de Emprendimiento YUNGUEÑITAS 27 está compuesto por diez integrantes de los cuales siete son mujeres y tres varones que se dedican a distintas actividades, la presidenta del banco sigue siendo la señora. Paulina tiene 69 años, ella sigue con la misma actividad del tejido de chompas y mantas de Alpaca para la mujeres, tiene su taller y domicilio en la zona de Pedro Domingo Murillo , cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compara de lana, en esta ocacion la señora Paulina va a usar este préstamo para la compra de lana de alpaca por mayor para el tejido de sus chompas y mantas ya que por esta fechas de fin de año que se acerca la navidad tiene mucha venta también entrega pedidos a los distintos mercados de la ciudad de La Paz, se siente feliz y agradecida con los prestamistas de Kiva por la oportunidad que le dan para crecer en su negocio.

Previous Loan Details

The communal bank Yungueñitas 27 is made up of 8 members of whom 6 are women and 2 are men working in various activities. The president of the bank is Paulina. She is 68 years old, married with adult children. She works weaving alpaca sweaters and blankets for women. She has her workshop and… More from Yungueñitas 27 Group's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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

  • $2,817
    Average annual income
  • 91
    View loans »
    Bolivia Loans Fundraising
  • $28,138,200
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Yungueñitas 27 Group's $3,850 loan helped a member to purchase Alpaca wool wholesale to knit sweaters.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 31, 2013
Listed
Dec 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014