The Quebrada Seca entrepreneurship bank has eight members who are all women. They all do different activities for a living. The president is Yraida. She is 44 years old. She is not married but lives with her partner. She has two children who are 2 and 17 years old. She is a street vendor who sells clothing at a very busy market in the city of Santa Cruz. She is in her third sequence. Yraida will use this loan to purchase seasonal wholesale clothing. This purchase allows her to increase her working capital. Yraida faces the challenge of increasing her customer base. She is going to use the benefits to improve her quality of life in time. She wants to have a permanent stall. She is happy and grateful to the institution for the support offered.
El Banco de Emprendimiento Quebrada Seca se encuentra conformada por ocho integrantes de las cuales todas son mujeres que se dedican a distintas actividades, la presidenta es la Sra. Yraida tiene 44 años no es casada pero convive con su pareja, tiene 2 hijos que son 2 y 17años, ella se dedica a la venta de ropa de forma ambulante en un mercado muy concurrido de la ciudad de Santa Cruz, se encuentra en su tercera secuencia, La Sra. Yraida usara este préstamo la compra de ropa de temporada por mayor y así de esta manera aumentar capital de trabajo, Yraida enfrenta retos en su negocio que son crecer en clientela. Va a utilizar los beneficios mejorar la calidad de vida con el tiempo desea tener un puesto fijo, se encuentra feliz y 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.