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Corazon De Maria Group
In this Group: Mary Luz, Eugenia , Laura Katherine, Yessica, Luis Carlos, Sara, Antonia Carmen, Dina , Lisbeth, Elva Cristina, Claudia Cecilia
The "CORAZÓN D. MARIA" (Heart of Mary) community bank is beginning its first loan cycle with our institution. This group has eleven members, one of whom is a man. Their businesses incluD. selling clothes, selling meals, selling costume jewelry, running a bakery, selling 'salteñas' (baked empanadas), and selling chicken empanadas and soft drinks. They are from the '5th ring district' of Cochabamba (note: this city is split into 12 concentric circles - or rings - that radiate out from the city center. Each 'ring' is 1-2km across and they rise in number the further they are from the center).

This group was formed by Mary who has received previous loans from Emprender. Her business is making jewelry such as women's earrings and necklaces. She is very well known for her good work. In addition, she also makes flower arrangements for parties when her customers request them. She will use her loan money to buy materials for making her products such as sequins and wire.

Yessica lives in Los Olivos neighborhood in the '5th ring district' of the city. Her business is selling purses and shoes which she leaves on credit with her fellow University students and other customers that she has in companies and local markets. Yessica buys her merchandise at Barrio Lindo market on Wednesdays and Saturdays. Yessica is single and doesn't have any children yet. She uses her income to pay for her studies and to cover her household expenses. She lives with her family. Yessica will use her loan money to buy clothes wholesale.

This group meets in Emprender's offices on Fridays. All of the members of the group are grateful to the institution for the support they have offered them with the granting of this loan.
View original language description ↓
El Banco D. Emprendimiento "CORAZÓN D. MARIA" se encuentra en su primer ciclo dentro D. L. Institución, este grupo tiene a 11 integrantes D. los que 1 es hombre, sus actividades están entre venta D. ropa, comidas, venta D. bisutería, panadería, venta D. salteñas, venta D. empanadas D. pollo y refrescos. Las señoras son D. L. zona del 5to anillo. El grupo se fundo por L. iniciativa D. L. Sra. Mary quien ya ha trabajado antes con créditos en Emprender, elL. se dedica a L. elaboración D. bisutería como aretes y collares para mujeres y L. venta D. L. misma es muy conocida por su buen trabajo, además D. esto elL. también cuando le solicitan hace adornos con F. para fiestas, con el dinero del crédito comprara material para L. elaboración D. sus adornos como lentejuelas y alambres. L. Sra. Yessica vive por el barrio Los olivos del 5to anillo, elL. se dedica a L. venta D. carteras y zapatos que deja al crédito a sus compañeras D. L. universidad y otras clientes que tiene en empresas y mercados, elL. compra su mercadería en L. feria D. Barrio Lindo los días miércoles y sábado, elL. es soltera y aun no tiene hijos por lo que los ingresos que genera le sirven para pagar sus estudios y aportar a los gastos D. su casa porque elL. vive en casa D. su familia, con el dinero del crédito comprara ropa por mayor. El grupo se reúne ene las oficinas D. Emprender los días Viernes, todas las socias están agradecidas con L. institución por al apoyo brindado en L. otorgación del crédito.

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
  • 109
    View loans »
    Bolivia Loans Fundraising
  • $36,698,475
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Corazon De Maria Group's $2,875 loan helped a member to buy materials for making necklaces and earrings.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 18, 2011
Mar 30, 2011
Currency Exchange Loss:
Oct 15, 2011