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Santa Terecita Group
In this Group: Virginia, Reynaldo Jesus, Erika Milenka, Gustavo, Reynerio Nicanor, Irene , Ramiro Wilmer, Marcelina
The “Santa Terecita” communal bank has 8 members, four women and four men. The bank’s president is Marcelina, 63. She’s married and has a son who is independent. She works selling fruit in one of the city of Cochabamba’s busiest markets.

Marcelina is a longstanding client of the institution since this loan is her fifth sequence. She is going to use it to buy seasonal fruit at wholesale. The reason for requesting the loan is the lack of working capital to buy her products.

Marcelina faces business challenges like competition and will use the benefits to improve her quality of life. Her wish is to see her business grow and to become a major distributor in the zone. Marcelina feels happy and grateful to the institution for the support provided her and her fellow group members.

In the photo, one of the members appears with his wife.
View original language description ↓
El Banco de Emprendimiento Santa Terecita está compuesto por ocho integrantes, cuatro mujeres y cuatro varones, la Presidenta del banco es la Sra. Marcelina tiene 63 años y es casada con un hijo que ya es independiente, se dedica a la venta de frutas en uno de los mercados más concurridos de la ciudad de Cochabamba, la Sra. Marcelina es cliente antigua de la institución ya que este préstamo es su quinta secuencia, la Sra. Marcelina va a usar este préstamo para la compra de frutas por mayor y de temporada, su razón para solicitar este préstamo es la falta de capital de trabajo para la compra de sus productos, la Sra. Marcelina enfrenta retos en su negocio que son la competencia y utilizara los beneficios para mejorar su calidad de vida, su deseo para su negocio es crecer y ser el distribuidor más grande de la zona, la Sra. Marcelina se siente feliz y agradecida con la institución por el apoyo brindado a ella y sus compañeras de grupo. En la foto uno de los socios se encuentra en compañia de su esposa.

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
  • 110
    View loans »
    Bolivia Loans Fundraising
  • $36,698,475
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
A portion of Santa Terecita Group's $3,800 loan helped a member to buy seasonal fruit at wholesale.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 20, 2012
May 16, 2012
Currency Exchange Loss:
Jun 15, 2012