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71-Santa Rita Group
In this Group: Fanny, Carmen, Juana, Graciela, Delicia, Silvia Patricia, Fatima, Fernando
The entrepreneurial banking group "71 Santa Rita" is made up of eight members, seven women and one man, and the president of the banking group is Silvia. She lives in the locale of Limoncito, and she is 24 years old and has three children who are 3, 5, and 8 years old. Silvia is a saleswoman of cosmetics, which she sells on foot in various zones and also in the markets offering as variety of beauty products by catalog as well. This loan will be her third loan cycle with this institution.

Silvia will use this loan to buy cosmetics that she finds on sale in catalogs, for which she already has requests. Her reason for wanting this loan is to continue to improve her business. Silvia will use the benefits of the loan to continue buying cosmetics at wholesale prices to improves her margins. Her wish for her business is to have a large shop where she would be able to offer the whole range of her products at once and thereby give better service to her customers. Silvia is a very hardworking woman and feels happy about the opportunity she has been given as well as the other women in her group, some of whom are single mothers.
View original language description ↓
El Banco de emprendimiento 71-SANTA RITA está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. Silvia vive por la localidad de la Limoncito, ella tiene 24 años y tres hijos de las edad de 3, 5 y 8 años, La Sra. Silvia se dedica a la venta de cosméticos de manera ambulante por distintas zonas y también mercados ofreciendo también productos de belleza por catalogo, este préstamo es su tercera secuencia dentro de la institución, la Sra. Silvia va a usar este préstamo para la compra de cosméticos que se encuentran de promoción en los catálogos ya que tiene varios pedidos, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Silvia va a utilizar los beneficios para seguir comprando cosméticos por mayor y así mejorando sus ingresos, su deseo para su negocio es tener una tienda grande donde pueda ofrecer la variedad de sus productos y así brindar un mejor servicio a su clientela. La Sra. Silvia 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
  • 125
    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 71-Santa Rita Group's $2,450 loan helped a member to buy cosmetics which are found to be on sale in catalogs.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jun 23, 2012
Jul 24, 2012
Currency Exchange Loss:
Mar 15, 2013