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Sol Naciente - 32 Group
In this Group: Flora , Claudia Bertha, German, Martha, Dayana, Lourdes, Rosario, Emeliana, Pamela

Update on Sol Naciente - 32 Group

The Sol Naciente -32 communal bank is made up of 9 members (8 women and one man). They all work in different fields. Flora is the president of the bank and is 69 years old and has been involved in the bank for a long time. She works selling seasonal clothing and sells her goods in various markets in the city of Cochabamba. This is her first loan in this bank. She will use it to buy clothing wholesale and in this way stock up her business, since her reason for asking for this loan and her previous loans is to increase her merchandise. Flora faces challenges in her business such as competition and she will use this loan to continue to buy merchandise and in this way generate more income. She is happy and thankful because she and her group members in many cases are the only income-earning members of their families.
View original language description ↓
El banco de emprendimiento Sol Naciente - 32 Group, está compuesto por nueve integrantes ocho mujeres y un varón, todas ellas se dedican a distintas actividades, la presidenta del banco es la señora Flora tiene 69 años, cliente antigua de la institucion, ella se dedica a la venta de ropa según la temporada, ella vende sus productos en distintas ferias de la ciudad de Cochabamba, este préstamo es su primera secuencia dentro de la institución, la señora Flora, va a usar este préstamo para compra de ropa al por mayor y así surtir su negocio, ya que la razón para solicitar este y ,los anteriores préstamos es incrementar su mercadería, la señora Flora enfrenta retos en su negocio que son la competencia y va a utilizar los beneficios en seguir comprando mercadería y así de esta manera genera más ingresos económicos, se siente feliz ya agradecida por ella y por sus compañeras de grupo ya que en muchos caso sacan solas adelante a su familias.

Previous Loan Details

The "Sol Naciente - 32" communal bank has nine members - eight women and one man. The president is 69-year-old Flora. She is married and has two children, who are now independent. Flora makes a living selling clothes and is continuing with the business as it is going well following the loan th... More from Sol Naciente - 32 Group's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 126
    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 Sol Naciente - 32 Group's $3,775 loan helped a member buy seasonal clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 11, 2013
Jan 7, 2014
Currency Exchange Loss:
Jul 17, 2014