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Esperanza Group
In this Group: Aleyda Anahi, Pamela Alejandra, Eyddy Ximena, Wilson Javier, Rilda Cristina, Elizabeth , Fausto Luis, Rosario
The start up bank, Esperanza, is made up of eight members, six women and two men. All of them make a living in different occupations.

The president of the bank is Rilda. She is 33 years old and has two children, a seven-year-old and a 10-month-old baby. She makes a living selling books. She sells her products at various markets in the city of La Paz. This is her first loan at the institution. Rilda will use this loan to buy books at wholesale and stock her business as classes are starting again soon and there is a lot of demand at this time.

She requested this loan to increase her merchandise. Rilda faces many challenges in her business including the competition. She will use the loan to continue purchasing merchandise and generate more income. She is happy and grateful that she has been given the chance to improve her business as well as for her fellow group members, who in many cases, are getting their families ahead by themselves.
View original language description ↓
El banco de emprendimiento ESPERANZA, está compuesto por ocho integrantes seis mujeres y dos varones, todas ellas se dedican a distintas actividades, la presidenta del banco es la señora Rilda tiene 33 años, tiene dos hijos de las edades de siete años y un bebe de 10 meses, ella se dedica a la venta de de libros, ella vende sus productos en distintas ferias de la ciudad de La Paz, este préstamo es su primera secuencia dentro de la institución, la señora Rilda va a usar este préstamo para compra de libros al por mayor y así surtir su negocio ya que se acerca la época de inicio de clases y esta época tiene mucha demanda, su razón para solicitar este préstamo es incrementar su mercadería, la señora Rilda enfrenta retos en su negocio que son la competencia y va a utilizar los beneficios en seguir comprando mercadería y así de esta manera genera más ingresos económicos, se siente feliz ya agradecida por ella ya que le dan una oportunidad para mejorar su negocio y también por sus compañeras de grupo ya que en muchos caso sacan solas adelante a su familias.

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.

About Bolivia

  • $5,500
    Average annual income
  • 199
    View loans »
    Bolivia Loans Fundraising
  • $31,040,825
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Group's $4,025 loan helped a member to buy merchandise and a variety of books at wholesale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 11, 2013
Listed
Jan 9, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014