The Unión y Progreso Communal Bank is made up of nine members. Lineth is the bank's president; she sells tripe dishes for a living in the Ceja del Alto area. She has three children, the youngest of whom is three months old, and her husband is a taxi driver. They live in their own home. Lineth gets up early in the morning to prepare her dishes and to take care of her children, since she has to leave right after to sell her food. She is a very hardworking person and she is happy with and thankful to the institution for the help it has given her. Lineth's wish is to have a store where she can sell her products and make her customers more comfortable. She will use the loan money to buy ingredients to make her dishes, such as oil and potatoes, in bulk.
El Banco de Emprendimiento Unión el progreso esta compuesto por nueve integrantes, La señora Lineth es la presidenta de este banco, ella vende comida tripitas en la zona de la Ceja de el Alto, tiene tres hijos la menor tiene 3 mese y el esposo es chofer de taxi viven en casa propia, la Sra. Lineth se levanta a tempranas horas de la mañana para elaborar su comida y para atender a sus hijos ya que después tiene que irse a la venta, es un apersona muy trabajadora se siente feliz y agradecida con la institución por el apoyo brindado, su deseo de la Sra. Lineth es el de tener una tienda para ofrecer sus productos y brindar mayor comodidad a sus clientes, con el dinero del crédito comprara insumos para la elaboración de sus comida como aceite y papa por mayor.
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.