The Rosario Communal Bank is a group of 8 people who know each other very well. It is made up of 5 women and 3 men. Mrs Elba is the group's president. She lives in her own home in the Los Olivos development. She lives with her three daughters and her husband. She is a very good leader. Her business is buying and selling shoes on the streets throughout the city of Cochabamba.
She will use this loan to buy shoes by the dozen. She is a very responsible and hard-working person who gets up very early to cook and leave everything ready for her daughters. Then she goes out to sell her merchandise. This is how she contributes to the household costs. She is grateful to the institution for the support offered.
El Banco de Emprendimiento Rosario Es grupo de 8 personas que conocen muy bien esta compuesto por 5 mujeres y 3 varones, presidenta es la Sra. Elba vive en casa propia por la urbanización los olivos sacaba, vive junto a su s 3 hijas y su esposo, la mencionada señora es muy buena líder y se dedica a la compra y venta de calzados de forma ambulante por toda la ciudad de Cochabamba con el dinero del crédito comprara zapatos por docenas, es una persona muy responsable y trabajadora que se levanta muy temprano para cocinar y dejar todo listo para sus hijas y después sale a vender su mercadería, de esta forma colabora con los gastos del hogar, esta agradecida con la instrucción por el apoyo brindado.
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.