The communal bank "Victorio" is a group that is new to the institution; it is in its first loan cycle. It is maD. up of responsible and hardworking people. This bank includes the members described below. Zulma is the president and leader of the group, she has a business preparing and selling meals for special events. She is married with 2 children, and she will use this loan to increase her working capital. Lisbeth, the treasurer, is married, has 3 children and has a business selling cosmetics and food. She will use this loan to increase her working capital. Daniela, the secretary, is single and has a business selling cosmetics. She is an active young person, and will use the loan to increase her capital. All of the members are responsible and hardworking people who are grateful to the institution for the support provided.
El banco D. Emprendimiento "VICTORI0 " es uno grupo nuevo D. la agencia, se encuentra en su primer ciclo., el cual esta conformado por personas responsables y trabajadoras, este Banco esta representada por las siguientes socias: Presidenta la señora Zulma quien es la líder del grupo, tiene como negocio la venta y preparación D. comida para eventos especiales, casada tiene 2 hijos, el destino del crédito será para el aumento D. su capital. Como Tesorera esta la Sra. Lisbeth quien es casada, tiene 3 hijos, su actividad económica es la venta D. cosméticos y comida su crédito lo destinara para el aumento D. su capital y la Secretaria es la Sra. Daniela es soltera quien se dedica a la venta D. cosméticos, es una persona joven y activa y su el crédito lo destinara para aumento D. capital. Todas las socias son personas responsables y trabajadoras que están agradecidos 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.