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Arco Iris Group
In this Group: Electo, Sabina , Marlene, Pedro, Gilberto, Paola Andrea , Pablo , Yovana, Aurora , Wilfredo, Mirtha, Juana, Elsa
The Rainbow Venture Bank was established this year thanks to the concern of the founders, who are family and have the business in common.

Electo S.- President of the community bank. He was born in the province of VallegranD. in the Santa Cruz region. Currently, he lives in El Torno zone with his son and wife in his small home that he bought with the fruits of his labor. They have operated a bread shop for the past 20 years.

Sabina Farrel- Treasurer of the community bank. She lives in the El Torno zone, has four children, and has her own house. She makes a living by selling cosmetics, a business that she realizes by traveling to people's homes in the same way as her colleagues. Her husband works as a driver. He dream is for both of them to have their own cars.
View original language description ↓
El Banco D. Emprendimiento Arco Iris, fue conformado este año, gracias a la inquietúd D. algunos D. sus integrantes, quienes son familiares, y tienen negocios en común.

ELECTO S..- Es el presidente del banco comunal, el es nacido en la provincia D. VallegranD. del Departamento D. Santa Cruz. Actualmente vive en la zona D. El Torno, el vive con su hijo y su esposa en una pequeña casa propia, la cual ha sido adquirida con el fruto D. su trabajo, ellos tienen una panadería, desD. hace 20 años.

Sabina Farrel.- es la tesorera del Banco comunal, vive en la zona D. El Torno, tiene cuatro hijos y vive en casa propia. Se dedica a la venta D. cosméticos, negocio que realiza D. manera ambulante y D. la misma manera que las otras compañeras con el tiempo quiere llegar a colocar su negocio fijo.
Su esposo trabaja como ayudante D. chofer, el sueño D. ambos es llegar a contar con vehiculo propio.

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

  • $2,817
    Average annual income
  • 98
    View loans »
    Bolivia Loans Fundraising
  • $29,035,325
    Funds lent in using Kiva
  • 7.1
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Arco Iris Group's $4,025 loan helped a member raise capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2008
Listed
Dec 16, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009