A loan of $2,425 helped a member increase working capital.


Bolivia Group's story

The Bolivia village bank is in its 13 phase and is maD. up of 10 partners. Most of the partners live in the Pampahasi area which is located close to the Emprender office. The partners sell varoius products such as clothing, wallets, cosmetics, food, etc. In the prior phase, all of the members paid back their debt except for 2 who paid with their savings. Yolanda has become the new president of the group; she has sold fish in the area for the past 10 years. The loan will be used to increase their working capital, buying more products for them to sell. Yolanda is married to Nestor with whom she has 3 children. When she started working with Emprender, the walls of her home were about to fall down, but with the loans she received, she was able to fix her home and she is grateful for that. She was elected president because she has shown responsibility in the group as both the treasurer and a group member. Nadia has been elected treasurer; she works making and selling clothing. She will use the loan to increase her working capital. She is single but has a son; she lives with her relatives in the Pampahasi area. Her goal is to run her own small business and become a wholesaler. Juan was also elected treasurer and is a very responsible person; he helps his mother with the household expenses. He works driving the car that his mother owns. He will use money from the loan to do maintenance on the car. All the group members are very responsible people who work hard; many of them are the only source of income for their families. They are grateful for the support they are receiving.

In this group: Yolanda , Delia Isabel, Mary, Juan Jesus , Bernardita, Maria Luz , Pamela Milenka, Wilma , Nadia Erika
*not pictured

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Translated from Spanish by Kiva volunteer Scott Crandall



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