The community bank SUIPACHA is a bank that is already in its fifth cycle. The bank is maD. up of 8 members, 6 women and 2 men. The women are merchants who sell clothes and other things. MERCEDES is the bank president and she has four children who are in school. She sells groceries on credit. She buys wholesale and later sells on credit, collecting weekly or bi-weekly. With the loan, she will buy grocery merchandise wholesale such as pasta, sugar, rice, etc. In this way, she will increase her working capital. She is a hardworking person who is grateful for the opportunity offered her. All of the members know each other and a lot of them are the sole breadwinners in their families. They are grateful to the institution for the support it has offered.
El Banco D. Emprendimiento SUIPACHA es un banco que ya está en su quinto ciclo y el Banco está conformado por 8 Integrantes 6 Mujeres y 2 Varones y las señoras se dedican al comercio y venta ropas y otros, y la Sra. MERCEDES es la presidenta del Banco y tiene cuatro hijos que se encuentran estudiando, ella se dedica a la venta D. víveres, abarrotes a crédito, compra por cantidad y después entrega a crédito los productos cobrando semanalmente o quincenal y con el préstamo comprara mercadería por cantidad en abarrotes como fideos, azúcar, arroz, etc. y D. esta manera incrementar su capital D. trabajo, es un apersona muy trabajadora agradecida por la oportunidad que se le brindo, todas las socias se conocen entre ellas y muchas D. ellas mantienen solas sus hogares y están 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.