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Las Moreñas Group
In this Group: Nelda, Carmen Lourdes, Francisca, Zaida, Elizabet, Rosa Margoth , Lorena, Sandra
The "Las Morenitas" communal bank is composed of eight members, all women. The chairperson of the bank is Lorena. She is 38, and has an 18-year-old son. Her son is in school. Lorena lives in the Mora area and sells meals at her food stand, located in the same area where she lives. This is her first loan with the institution.

Lorena is going to use this loan to buy ingredients at wholesale, such as potatoes, rice, noodles and cooking oil, for making her meals. In this way she will increase her working capital.

Her reason for applying for this loan is to continue improving her business. Lorena is going to use the profits to keep buying supplies and improving her income. Her wish for her business is to have a restaurant and this way provide greater comfort to her customers.

Lorena is a very hard-working person, and she feels happy about the opportunity offered to her and her fellow group members, as in some cases they are the sole support of their families.
View original language description ↓
El Banco de emprendimiento LAS MOREÑAS está compuesto por ocho integrantes todas mujeres, la presidenta del banco es la Sra. Lorena, ella tiene 38 años tiene un hijo de la edad de 18 años, su hijo se encuentra estudiando, La Sra. Lorena vive en la zona de Mora, se dedica a la venta de comida en su puesto de venta que se encuentra en la misma zona donde vive, este préstamo es su primera secuencia dentro de la institución, la Sra. Lorena va a usar este préstamo para compra de insumos por mayor como papa, arroz, fideo y aceite para la elaboración de sus comidas y así de esta manera incrementar su capital de trabajo, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Lorena va a utilizar los beneficios para seguir comprando insumos y así mejorando sus ingresos, su deseo para su negocio es tener un restaurante y así brindar mayor comodidad a su clientela. La Sra. Lorena es una persona muy trabajadora se siente feliz por la oportunidad brindada a ella ya sus compañeras de grupo ya que en algunos casos mantienen solas a sus familias.

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 Las Moreñas Group's $2,675 loan helped a member to buy ingredients at wholesale such as potatoes, rice, noodles and cooking oil, for making her meals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 30, 2012
Jul 7, 2012
Currency Exchange Loss:
Dec 15, 2012