The president is Mrs. Damiana. She is married with three children and has a business where she sells food and drinks. Her husband is a construction worker. Both contribute to their household expenses. The business is very well known in the area. Because the meetings are held at Mrs. Damiana's house, the members of the communal bank decided to call it El Escondite ("The Hideout"). With the loan, she will buy the ingredients to make her rich dishes and also to buy beverages. This communal bank is maD. up of neighbors in the area that have lived there for several years. Each one has an independent activity; they work from Monday to Sunday. They know each other very well. Two men participate in the group and are very well known for their respective activity. It is a very organized, dynamic bank.
La presidenta es la Sra. Damiana, casada tiene tres hijos tiene un local, donD. venD. comida y bebidas, su esposo es albañil, ambos colaboran en los gastos del hogar, el local es muy conocido en la zona , como las reuniones se realizaran en la casa D. la Sra. Damiana es por eso que el banco D. emprendimiento decidieron las socias denominar el escondite, con el dinero del crédito comprara insumos para la elaboración D. sus ricos platos y también para la compra D. refrescos, este banco D. emprendimiento este conformado por vecinas D. la zona que viven hace varios años en la misma, cada una D. ellas tienen una actividad independiente trabajan D. lunes a domingo , se conocen bastante bien entre ellas en el grupo existe la participación D. 2 varones D. igual manera son muy conocidos con su respectiva actividad .es un banco muy organizado dinámicos .
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.