The “Nueva Esperanza” (New Hope) communal bank is in its ninth cycle. Its members are responsible, hardworking people. This communal bank is represented the following people. Its Treasurer is Julia. She’s been living with her spouse for quite some time and with their three children who are school age. Her economic activity is selling articles for the home in her neighborhood store. She does very well there because she’s a very responsible person and this is why her fellow members selected her to be group treasurer. She will use the loan money to buy merchandise, like groceries, soft-drinks, cookies, etc., to stock the store. Julia is grateful to the institution for the support provided.
El banco D. emprendimiento "NUEVA ESPERANZA" se encuentra en su noveno ciclo , el cual esta conformado por personas responsables y trabajadoras, este Banco D. Emprendimiento esta representado por las siguientes socias la tesorera es la señora Julia, quien convive con su pareja hace ya bastante tiempo, con tres hijos que se encuentran en edad escolar y su actividad económica es la venta D. productos para el hogar en su tienda D. barrio, donD. le va muy bien es una persona muy responsable por este motivo fue seleccionada por sus compañeras para ser la tesorera del grupo, con el dinero del crédito comprara mercadería para surtir su tienda como ser abarrotes, refrescos galletas, etc. La Sra. julia esta agradecida con al 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.