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Arcoiris 2 Group
In this Group: Soledad , Ana Isabel , Joselin Andrea, Roxana, Reina, Alex Denitry, Uhaldo, Tania
Arcoiris 2 Communal Bank is made up of eight members, six women and two men. The president of the bank is Joselin, 21. She makes a living selling cosmetics via catalogue. She sells her products on foot, visiting homes and public and private offices in the city of Santa Cruz.

This loan Joselin's first sequence with the institution. She's going to use the loan to buy cosmetics and jewelry wholesale that are on sale. This way she'll be able to offer a variety of products to her customers and increase her profits. She's requesting this loan to continue improving in her business. Joselin's going to use the profits to continue buying a variety of beauty products.

Joselin's a very hardworking young person. She's happy about this opportunity being offered her and her group members because in some cases they support their families alone.
View original language description ↓
El Banco de emprendimiento ARCOIRIS 2 Está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Joselin tiene 21 años, se dedica a la venta de cosméticos por catalogo, ella vende sus productos de manera ambulante, visitando domicilios y oficinas públicas y privadas de la ciudad Santa Cruz, donde ofrece sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Joselin va a utilizar este préstamo para la compra de cosmético y joyas por mayor y que se encuentran en promoción y de esta manera brindar variedad de productos a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Joselin va a utilizar los beneficios para seguir comprando variedad de productos de belleza, la Sra. Joselin es una persona joven y 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
  • 154
    View loans »
    Bolivia Loans Fundraising
  • $36,650,050
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Arcoiris 2 Group's $4,250 loan helped a member to buy clothing.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 25, 2013
Jun 19, 2013
Currency Exchange Loss:
Jan 17, 2014