The 'Kusi Cuna' community bank has a board of directors. The group president, Grover, makes and sells confectionery from his own home. He makes bread, cookies and empanadas. His speciality is cheese empanadas. He has been in this business for 13 years. His family consists of his mother and himself. He is single. He supports his family which is a great responsibility for him. He is requesting this loan to buy flour and butter wholesale, mainly for making empanadas. Grover is a very hard-working young man who has a desire to improve himself. He would like to own his own cake shop and make a variety of cookies and cakes. He is grateful to the institution for the support they have provided which has provided him with an opportunity to get ahead in life.
El Banco de Emprendimiento Kusi Cuna esta compuesto por la siguiente mesa directiva: el presidente del grupo es el señor Grover, se dedica a la repostería en su propio domicilio se dedica a la elaboración de pan, galletas pero mas empanadas, su especialidad son las empanadas de queso se dedica a esta actividad desde hace 13 años, su familia esta compuesta de su madre el es soltero, el mantiene a su familia una gran responsabilidad para el, el monto que solicito es para comprar harina y manteca por mayor principalmente para la elaboración de sus empanadas, es un joven muy trabajador, con ganas de superación su deseo es el de poder tener su propia pasteleria y realizar variedad de galletas y tortas, esta agradecido con la institución por el apoyo brindado ya que es un aoportunidad para salir adelante.
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.