This is a group that is very responsible for their payments, is already well-known, and which has much solidarity among the members. The group is called “El Porvenir “ (The Future) and is in their second loan cycle with the “Banco D. Empredimiento” (Bank of Entrepreneurship). The board is maD. up as follows: as president, Lidia, who is very responsible and is the leader of the group. She has 2 daughters, but she currently lives alone as she is separated from her husband. Her business activity is the selling of salt, which covers all areas of Cochabamba. As treasurer is Irma, who is very responsible and is single with no children. She works selling lingerie at different markets. As secretary is Alejandrina, who has a business selling food from her house, which is near the stop for collective taxis (taxis in which several persons share the fare) to nearby villages. She is divorced and has one son. The loan will used to increase capital.
Es un grupo muy responsables en sus pagos, ya que se conocen bien, son muy solidarios entre los mienbros del grupo. Su grupo se llama "EL PORVENIR", donD., el Banco D. Emprendimiento esta en su 2º Ciclo, la mesa directiva esta conformada D. la siguiente manera, como presidenta esta la señora Lidia ,ella es muy responsable y lider D. su grupo, tiene 2 hijas pero que actualmente vive sola es separada D. su esposo, su actividad es la venta D. sal, el cual reparte a todas las zonas D. Cochabamba. Como tesorera esta la socia Irma quien es muy responsable, es soltera no tiene hijos, trabaja vendiendio lenceria en las diferentes ferias, el credito lo utiliza para aumento D. capital. Como secretaria esta la socia Alejandrina quien tiene el negocio D. venta D. comida en la puerta D. su casa ya que es la parada D. los Taxi trufis a pueblos cercanos, ella es divorciada y tiene 1 hijo, el credito lo utiliza para capital.
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.