The EMPERATRICES communal bank is made up of 8 members who live in the area of Octavo Anillo. This group was born on the initiative of all of the members of the neighborhood since they need it for their businesses and to increase their working capital. This communal bank is under the responsibility of the board of directors. The president is Magaly, who makes and sells bread. She has 5 minor children who are in school. The loan she is asking for is to buy ingredients such as lard and flour to make bread. She gets up very early in the morning to prepare the dough. When the bread is baked, she distributes it in different stores in the area. She has been doing this activity for several years. This activity is what allows her to support her family and educate her children. Magaly is a very responsible and hardworking and grateful to the institution for the support offered.
El banco Comunal EMPERATRICES esta compuesto por 8 socios que viven por la zona del octavo anillo, este grupo nació con la iniciativa de todos los socios del Barrio ya que necesitan para sus negocios e incremento de capital de trabajo, este Banco comunal esta bajo la responsabilidad de la mesa directiva que son: Presidente: La Sra. Magaly que se dedica a la venta y producción de pan tiene 5 hijos menores de edad que se encuentran en edad escolar, el crédito que solicita es para compra de insumos como manteca y harina para la elaboración de pan, ella se levanta a tempranas horas dela mañana para la elaboración de su masa una terminados de hornear los distribuye en las distintas tiendas de barrio que hay por la zona, se dedica a esta actividad hace ya varios años, ya que esta actividad es la que permite mantener a su familia y la educación de sus hijos, la Sra. Magaly es una persona muy responsable y trabajadora 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.