The entrepreneurs loan group Las Leonas (The Lions) is a new group and is comprised of 9 members who are all women. The women work in commerce and sell chickens and other things. Dora is the president of the bank and she has a son and works making cookies, empanadas, pies, cakes and a variety of cookies, a business that is doing very well, and she will use the loan to buy flour and supplies to make cookies. She is a very hardworking person and she is always thinking of the well being of her son. Her wish is to see her son become a professional and also to have her own cake store as she currently makes her goods and delivers them in the area and to some schools. She is grateful to the loan institution for the support offered to her.
El Banco D. Emprendimiento LAS LEONAS es un banco nuevo y el Banco está conformado por 9 Integrantes todas son Mujeres y las señoras se dedican al comercio y venta pollos y otros, y la Sra. DORA es la presidenta del Banco y tiene un hijo y ella se dedica a la repostería a la elaboración D. galletas empanadas tortas queque, y variedad D. galletas, actividad donD. le v a muy bien y con el préstamo comprara harina e insumos para la elaboración D. galletas es una persona muy trabajadora y siempre pensando en el bienestar D. su hijo, su deseo es el ve der a su hijo profesional y también poder tener su propia pastelería ya que ahora elabora sus productos y entrega en la zona y también en algunos colegios, 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.