The “NUEVA AMISTAD” Community Bank is already on their second loan cycle. This Bank has 11 members, 8 Women and 3 Men. The group members sell meat, vegetables, food and have a neighborhood store and other jobs. Mrs. LUZ is the Bank president. She has one son and she sells supplies as per personal order. Her method of payment is weekly, biweekly and monthly. She also works in a Hospital so this way she has another source of income. Mrs. BEATRIZ VIRGINIA is the bank secretary. She has 2 children and she works selling vegetables, VHS rental and phone booth, meaning she has a neighborhood store in her own home. She was able to increase her working capital with the loan and she is always thinking about investing in new businesses. Mrs. Beatriz is a very responsible person and she would like to do better. Mrs. MICAELA KARINA is the bank treasurer and she sells beauty products. With the loan she was able to buy her products that were on sale in bulk such as perfumes, deodorants, powders and others, to improve her income and increase her working capital. She is very responsible and she shows a great desire to do better.
El Banco de Emprendimiento NUEVA AMISTAD, es un Banco que ya esta en su segundo ciclo este Banco esta conformado por 11 integrantes 8 Mujeres y 3 Varones y las socias se dedican a la venta de carne, verduras, comida y tienda de bario y otros, Sra. LUZ es la presidenta del Banco y tiene un hijo y su actividad es otorgar viveres a facilidad a requerimiento de las personas y tiene su madalidad de pagos semanales, quincenales y mensuales tambien trabaja en un Hospital y de esta manera tener otra fuente de ingreso . La Sra. BEATRIZ VIRGINIA, es la secretaria del banco y tiene 2 hijos y se dedica al comercio venta de verduras, fletes de VHS y punto viva es decir tiene una tienda de barios en su mismo domicilio y con el prestamo ha logrado incremetar su capital de trabajo y siempre esta pensando en invertir en nuevos negocios , la Sra. Betariz es una persona muy responsable y tiene muchas ganas de superarse. La Sra. MICAELA KARINA, es la tesorera en el banco y se dedica a la venta de productos de belleza, con el prestamo ha logrado comprar en cantidad sus productos que estan en oferta como ser perfumes, desodorantes, talcos y otros, para mejorar sus ingresos e incrementar su capital de trabajo ella es muy responsable y se observa muchas deseo de superarse.
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.