The 'Renacer' community bank is in its eighth loan cycle. It is maD. up of responsible and hard-working people. This community bank is represented by its president, María, who sells books at the entrance to the university of the city of Cochabamba. She has a variety of books that she sells to the students from different departments of the university. María is married and has children who she supports with this business activity. She is a very kind and cheerful person who works hard for the well-being of her family. She will use her loan money to buy a batch of books with which to stock her sales location. She is grateful to the institution for the support they have given her.
El banco D. emprendimiento "RENACER" se encuentra en su octavo ciclo, el cual esta conformado por personas responsables y trabajadoras, este Banco D. Emprendimiento esta representado por las siguientes socias: La Presidenta la señora María quien tiene la actividad económica D. venta D. libros en la puerta D. la universidad D. la ciudad D. Cochabamba, tiene variedad D. libros para poder ofrecer a los estudiantes D. las distintas áreas D. la universidad, la Sra. esta casada y tiene hijos, a los que mantiene con esta actividad, la Sra. es una persona muy amable y Jovial que trabaja mucho por el bienestar D. su familia, con el dinero del crédito comprara un lote D. libros para poder surtir su puesto D. venta, 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.