The Banco D. Emprendimiento “Las Esperanzadas” (“The Hopeful” Communal Bank) is working it first cycle with this Institution. It is composed of 9 people engaging in different activities, such as: clothes sale, food sale, masonry, snack sales, photocopying services and cosmetics promoters. They come from the Plan 3000 area. The group was born out of the initiative of Silvia. She lives in the La Campana area, and she engages in selling food in her house in the evenings. She sells to her neighbors and acquaintances and she has many customers. Silvia will use the loan amount to buy ingredients and groceries to prepare her dishes. Her husband is a masonry contractor, and they sustain the economy of their family together. They live in the house of a family member, and one of Silvia’s whishes is to buy some land where to build their house. She is a very hard-working person, and she is thankful to the institution for the help provided.
El Banco D. Emprendimiento "LAS ESPERANZADAS" se encuentra en su primer ciclo dentro D. la Institución, compuesto por 9 personas, sus actividades están entre venta D. ropa, comidas, albañiles, snack, fotocopiadoras y promotoras D. cosméticos, son D. la zona del Plan 3000. El grupo se fundo por la iniciativa D. la Sra. Silvia que vive por la zona La Campana, ella se dedica a la venta D. comida en las noches en su casa venD. a sus vecinos y conocidos ya que ella tiene mucha clientela con el dinero del crédito la Sra. Silvia comprara ingredientes y abarrotes para la elaboración D. sus platillos, su esposo es contratista - albañil, juntos aportan a la economía D. su familia ya que viven en casa D. un familiar y uno D. los deseos D. la Sra. Silvia es el comprarse un terrenito y a si poder hacer construir su casita, es una persona muy trabajadora , 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.