The entrepreneurial bank "Arca de Noe" [Noah's Ark] is in its first cycle with the institution. It is made up of 8 people, 2 of whom are men. Their businesses include selling food, drinks, musical instruments, painters, cosmetic sales, producing and selling soccer balls. They are from the area known as "Plan 3000".
The group formed thanks to the initiative of three members, including:
Mrs. Virginia, who together with her spouse makes and sells soccer balls that are distributed in the different markets of the area. With the income that they generate, they are able to cover the costs of their home and the education of their children. With the money from the loan, Virginia will buy material to make soccer balls.
Mrs. Roxana, who is one of the youngest members of the group. She is 21 years old, but that doesn't stop her from taking care of her business. She sells food from the home that she has been renting for 3 years. Every day she gets up very early to buy her groceries and meat that she needs to make the lunches that she sells at her apartment. Through this, she is able to contribute to the finances of the household, since she has a son and her husband works as a musician on the weekends. With the loan, she will buy merchandise like groceries and ingredients to make her dishes.
All of the women are responsible and hardworking and are very thankful to the bank for the support it has given them.
El Banco de Emprendimiento "ARCA DE NOE" se encuentra en su primer ciclo dentro de la Institución, compuesto por 8 personas de los cuales dos son varones, sus actividades están entre venta de comida, de bebidas, equipos de música, pintores, venta de cosméticos, confección y venta de pelotas de futbol, son de la zona del Plan 3000. El grupo se fundo por la iniciativa de tres socias: La Sra. Virginia que se dedica junto con su esposo a la confección y venta de pelotas de futbol que distribuyen en los diferentes mercados de la Zona del Plan 3000, con lo ingresos que generan sustentan los gastos de su hogar además de la educación de sus hijos, con el dinero de crédito la Sra. Comprara material para la fabricacion de pelotas de futbol. La Sra. Roxana es de las más jóvenes del grupo ella tiene 21 años pero eso no la detiene para atender su negocio de venta de comida que tiene en la casa donde vive en alquiler hace tres años, ella todos los días muy temprano realiza las compras de abarrotes y carnes que necesita para la elaboración del almuerzo que vende en su pensión, ella con esto colabora a los gastos que tienen en su casa ya que tiene un hijo y su esposo trabaja como músico los fines de semana, con el dinero del crédito comprara mercadería como ser abarrotes e ingredientes para la elaboración de sus platillos, todas las socias son personas responsables y trabajadoras que esta agradecidas 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.