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Nuevo Amanecer Balcon I Group
In this Group: Maria Elena , Mariela, Diego Alejandro, Guadalupe, Veronica, Esther Siria , Martha, Simona, Patricia, Patricia, Maria Victoria, Gabriela, Lourdes
The entrepreneurial bank "Nuevo Amanecer Balcon I" (New Dawn Balcony 1) is made up of thirteen members: twelve women and one man. They all make their livings in different businesses. The president of this communal bank is Señora Maria. She is 38-years old, is married and has one 17-year old son. Señora Maria earns her living making and selling bread. This is her first loan cycle with the institution. She is going to use this loan to purchase wholesale flour for making "panetones" (Christmas pastries) for this Christmas season and to increase her working capital. Señora Maria plans to use her profits to keep improving her business. Her hope for the business is to be able to stock up with "panetones," as toward the end of the year she can sell a lot of them. She needs to take advantage of the increased sales to increase her income. Señora Maria is grateful for the opportunity that she is being offered.
View original language description ↓
El banco de emprendimiento NUEVO AMANECER BALCON I, está compuesto por Trece integrantes doce mujeres y un varón, todos ellos se dedican a distintas actividades, la presidenta del banco es la señora Maria, tiene 38 años y es casada y tiene un hijo de la edad de 17 años, ella se dedica a la venta y elaboración de pan, este préstamo es su primera secuencia dentro de la institución, va a usar este préstamo para la compra de harina al por mayor para elaboración de panetones para esta navidad como y así incrementar su capital de trabajo, la señora Maria Va a utilizar los beneficios en seguir mejorando su negocio, su deseo para su negocio es poder abastecerse de este producto ya que esta época de fin de año con los panetones tiene mucha venta y es donde tiene que aprovechar para así tener más ingresos económicos, se siente agradecida por esta oportunidad que le brindan.

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
  • 128
    View loans »
    Bolivia Loans Fundraising
  • $34,692,600
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer Balcon I Group's $5,450 loan helped a member to purchase wholesale flour.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Oct 17, 2013
Nov 22, 2013
Currency Exchange Loss:
Jun 17, 2014