The "Emprendimiento Reyes Carvajal" bank is a bank that was founded in the zone that has the same name in the south of the city of La Paz. It is a zone that is located on a small hill, which is only accessible by a line of small buses. The enterprising bank is maD. up of eight members which do various jobs to get ahead in society. This is also the situation of the president, Mrs. Daría, who sells food at the bus stop in her own area. She lives with her husband. Her children are older and already have their own families. She will invest the loan by purchasing merchandise for her kiosk such as rice, oil, potatoes, etc. In this way, she will be able to generate a greater income for her family. She is a very hard-working person and is thankful to the institution for the support it offers.
El Banco D. Emprendimiento Reyes Carvajal es un banco que se fundo en la zona que tiene el mismo nombre al sur D. la ciudad D. la paz, es una zona que esta situada sobre un pequeño cerro, al cual solamente ingresa una línea D. minibuses. El banco D. emprendimiento esta compuesto por 8 socias las cuales se dedican a diversos trabajos para poder sobresalir adelante, tal es el caso D. la presidenta, la Sra. Daría quien se dedica a la venta D. comida en la parada D. minibuses D. su misma zona, ella vive con el esposo ya que sus hijos son mayores D. edad y ya tienen sus propias familias. La Sra. invertirá el préstamo para el aumento D. mercadería en su kiosco comprar abarrotes como arroz, aceite, papa, etc. Y así poder generar mayores ingresos para su familia, es un apersona muy trabajadora y esta agradecida con la institución 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.