The “La Familia” communal bank is one of the Institution’s oldest; it’s been working with us for three years. Most of its members are merchants and Reynaldo is bank President. He was chosen for his dynamism and responsibility. He is married to Maria who is a teacher. In this way she contributes to the household expenses.They have two school aged children. He has had a machine shop for many years, where things are going well and he has many clients. With the loan, he will he will equip his workshop purchasing the necessary tools to do a good job and improve his income. With time, he would like to inagurate a new workshop and see his children become professionals. He is a hard working person who is appreciative of the institution for the support provided.
El Banco D. Emprendimiento LA FAMILIA, es uno D. los bancos más antiguos D. la Institución, viene trabajando con nosotros hace 3 años atrás. La mayoría D. sus integrantes se dedica al comercio y servicio, el Sr. REYNALDO es el Presidente del banco, lo eligieron por su responsabilidad y dinamismo, el Sr. Reynaldo es casado con la Sra. María Quien es profesora, D. esta manera contribuye con los gastos del hogar, tiene 2 hijos que se encuentran en edad escolar, y el Sr. tiene un taller D. mecánica automotriz hace bastantes años, donD. le va muy bien ya que tiene muchos clientes, y con el dinero del préstamo equipara su taller comprando herramientas necesarias para un realizar un buen trabajo. y mejorar su ingresos económicos, el Sr. Reynaldo desea con el tiempo inaugurar un nuevo taller y el D. ver a sus hijos profesionales, es una persona trabajadora agradecido 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.