This is the first loan cycle for the community bank "Muchachas Emprendedoras" (Enterprising Women). The president is Mrs Nelly. She works at a store located in her home, where she sell basic needs products. She is requesting the loan to purchase seasonal items, as she needs products such as beverages, crackers, cakes, Christmas rolls. This season her merchandise needs increase. She has two children that are in school. She is separated from her husband. The house in which she lives is under construction and she is working very hard to be able to finish it and provide more comfort to her children. Mrs. Nelly is a hard working and go-getting woman that strives very hard for her children who are,as she says, her best treasure. Mrs. Nelly is happy and grateful for the opportunity that this loan will bring to her.
Es el primer ciclo del banco de emprendimiento Muchachas Emprendedoras, la presidenta es la Sra. Nelly trabaja con una tienda que esta instalada en su casa donde ofrece productos de primera necesidad, el crédito solicita para comprar mercadería de temporada ya que necesita productos como refrescos, galletas panetones y roscas navideñas, ya que esta época incrementa su mercadería, tiene dos hijos que están en colegio, ella esta separada del esposo la casa donde vive esta en construcción y trabaja bastante para poderla terminar y brindar mayor comodidad a su hijos, La Sra. Nelly es una persona muy trabajadora y luchadora ya que se esfuerza por sus hijos que dice la Sra. son su mejor tesoro, La Sra. Nelly se siente feliz y agradecida por la oportunidad que le brindan en la otorgación del crédito.
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.