Placida is the bank's president. She sews lovely skirts and petticoats, and she has many clients in the area, where there are festivals almost every week. With this loan, she will buy cloth to fulfill various orders. She is a hard worker, which is why she was chosen as the group's president.
All members of the bank work in trading and service. They are all using the loans to increase their working capital. They are very grateful to microfinance partner Emprender for placing its trust in them.
The man in the photo is the husband of one of the members.
La señora placida es la Presidenta del banco ella costura polleras y enaguas hace un trabajo muy hermoso, por tal motivo tiene muchos clientes por la zona, donD. se realizan fiestas casi cada semana, con el crédito otorgado comprara telas por mayor, para realizar varios pedidos, es trabajadora y muy responsable razón por la cual fue elegida presidenta D. este banco D. emprendimiento.
Todas las socias del banco tienen como actividad el comercio y servicio, razón por la cual solicitan el crédito ya que invertirán en incrementar su capital D. trabajo, están muy agradecidas con Emprender por la confianza que les brinda.En la foto aparece el esposo D. una d elas socias.
About EmprenderEmprender 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.
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