Funded

Total loan: $4,025
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Esperanza Group

Bolivia
La Paz, Bolivia / Bookstore

A loan of $4,025 helped a member to buy merchandise and a variety of books at wholesale.


Esperanza Group's story

The start up bank, Esperanza, is made up of eight members, six women and two men. All of them make a living in different occupations.

The president of the bank is Rilda. She is 33 years old and has two children, a seven-year-old and a 10-month-old baby. She makes a living selling books. She sells her products at various markets in the city of La Paz. This is her first loan at the institution. Rilda will use this loan to buy books at wholesale and stock her business as classes are starting again soon and there is a lot of demand at this time.

She requested this loan to increase her merchandise. Rilda faces many challenges in her business including the competition. She will use the loan to continue purchasing merchandise and generate more income. She is happy and grateful that she has been given the chance to improve her business as well as for her fellow group members, who in many cases, are getting their families ahead by themselves.

In this group: Aleyda Anahi, Pamela Alejandra, Eyddy Ximena, Wilson Javier, Rilda Cristina, Elizabeth , Fausto Luis, Rosario
*not pictured

Translated from Spanish by Kiva volunteer Monica Wooters



Loan details

Loan length:

8 months
Repayment schedule: Irregularly
Disbursed date: December 11, 2013

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: Irregularly
Disbursed date: December 11, 2013