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Picaflor Group
In this Group: Shirley Amparo, Ivonne Marlene, Miguel Angel, Sara Veronica, Consuelo, Wendy Jhovana, Cesar Gonzalo, Concepcion Indira, Claudia Jeannet, Martha Magdalena, Maria Luz, Peter*, Judith Maria Del Pilar
* not pictured
The startup bank PICAFLOR Inicio was founded October 27 of this year. It is under the direction of Sra. Shirley, a very active member in her own business as well as in the businesses of the group. Her business is in clothing, selling clothes from her own home. She is married with three children.
Sra. Ivonne holds the role of treasurer and member, and thanks to her the Bank met. She sells clothing in general, and is married with 4 school-aged children. Sr. Cesar is the secretary, and his business is the sales of clothing. He is divorced, but lives with two of his children.

These three people are the head of the startup bank, made up of 13 people who guarantee between them since they cannot count on a personal guarantee in order to be able to take out an individual loan. A large majority have their own mobile business, and the other 30% work with their own fixed business. A large majority do not have their own home. They are very hard-working mothers and fathers, since their business is their only source of income with which they can maintain their homes.

View original language description ↓
El Banco de Emprendimiento PICAFLOR Inicio fue fundado el 27 de Octubre del presente año. Estando bajo la direccion de la señora Shirley, socia muy activa, tanto en sus actividades economicas propias, como en las actividades de grupo; quien tiene como actividad el comercio de ropa, vende en su propio domicilio; es casada con tres niños. La señora Ivonne se desempeña como tesorera, socia que gracias a ella se reunio el Banco; se dedica a la venta de ropa en general; es casada tiene cuatro hijos en edad escolar. El señor Cesar es el secretario de actas cuya actividad es la venta de ropa; el señor es divorciado, pero vive con dos de sus hijos. Estas tres personas son la cabeza del banco de emprendimiento conformado por trece personas quienes se garantizan entre ellas ya que no cuentan con garantia personal para poder sacar un prestamo individual. Una gran mayoria cuenta con negocio propio y ambulante y el otro 30% trabajan con negocio propio y fijo. Una gran mayoría no cuenta con domicilio propio, son padres y madres de familia muy trabajadores ya que el negocio es el único ingreso con el cuál mantienen sus hogares.

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
  • 123
    View loans »
    Bolivia Loans Fundraising
  • $36,721,100
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Picaflor Group's $2,675 loan helped a member increase of capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 27, 2009
Nov 21, 2009
Currency Exchange Loss:
Mar 15, 2010