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La Cooperativa Group
In this Group: Flora Vargas, Rufina , Fabiola, Margarita, Eulogia, Felicidad , Miriam, Carlos Alberto, Rodrigo, Valencia Primitiva
The LA COOPERATIVA communal bank is made up ten members, Eight of them are women and two are men. They work in different activities. The president of the bank is Miriam. She works selling staple items in her neighborhood store. It is located in her house, which is in the Primavera area of the city of La Paz. This loan is her first cycle in the institution. Miriam is going to use this loan to buy merchandise to stock her business. Her reason for asking for this loan is that she needs to stock her business, since Christmas time is coming. She wants to buy panettones, as well. Miriam faces challenges in her business, such as competition, because there are a lot of neighborhood stores. She is going to use the profits to keep buying merchandise and thus increase her capital and be able to have a larger store, which is one of the things she wants. She feels happy and grateful for this opportunity that is being offered to her and the other members of the group, since in many cases they are getting their families ahead alone.
View original language description ↓
El Banco de Emprendimiento LA COOPERATIVA está compuesto por diez integrantes de los cuales ocho son mujeres y dos varones, que se dedican a distintas actividades, la presidenta del banco es la señora Miriam, ella se dedica a la venta de artículos de primera necesidad en su tienda de barrio que se encuentran ubicado en su mismo domicilio que es en la zona de Primavera de la ciudad de La paz, este préstamo es su primera secuencia dentro de la institución, la señora Miriam va a usar este préstamo para a la compra de mercadería para surtir su negocio, su razón para solicitar este préstamo es necesidad de surtir su tienda ya que se acerca la época de Navidad y desea comprar también panetones, la señora Miriam enfrenta retos en su negocio que son la competencia ya que en la zona hay muchas tiendas de barrio, ella va a utilizar los beneficios para seguir comprando mercadería y así incrementar su capital y poder tener un almacén ya que este es uno deseos, se siente feliz y agradecida por esta oportunidad que le brindan a ella ya sus compañeras de grupo ya que en muchas casos sacan solas a su familia adelante.

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
  • 182
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of La Cooperativa Group's $4,475 loan helped a member to buy merchandise, and panettones wholesale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 26, 2013
Listed
Dec 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014