The “Banca de Emprendimiento Castillito de Arena” is a new bank where its members are involved in different things, including food sales. Its members are close and know each other very well. Claudia is the group’s president and sells socks and candy from her stall in a very well known La Paz fair. Having lived carefully for the past 20 years, amid life’s difficulties, she has learned to get ahead with her husband’s backing. She will use the money from this loan to buy merchandise, like socks in bulk. She wants to eventually buy some land where she can have a house built, because it’s risky to live where she lives now. She is a hard working woman who is very grateful to the institution for the support it has given.
La Banca de Emprendimiento Castillito de Arena es una Banca Nueva que figura desde una mínima actividad hasta la venta de comida, esta banca se caracteriza por afinidad y conocimiento entre las mismas. La Presidenta es la Señora Claudia quien vende medias y dulces en su puesto de la uyustus una feria muy conocida de la ciudad de La Paz, viviendo como cuidadora ya hace 20 años, tras las dificultades en su vida supo sobresalir y seguir adelante con la ayuda de su pareja quien le apoya en todo momento con el dinero del crédito desea compra mercadería en medias al por mayor, el deseo de la Sra. Claudia es el de comprarse un terrenito y hacer construir su casita para poder irse a vivir ahí ya que el cuidar la casa donde esta implica también mucho riesgo, es una persona muy trabajadora y 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.