The Emprendimiento Alpaquitas communal bank consists of nine members, seven women and two men. Brenda, 39, is the president. She is married and has 2 school-aged children. Brenda knits and sells clothing and sweaters made of alpaca wool and her workshop is in the Sopocachi area. This loan will be the first cycle in the institution and she will use it to buy wool to knit into sweaters since she has orders to fill. The reason why she is requesting the loan is to increase her working capital. Brenda has challenges in her business that are to start a micro business partnership and she will use the money to look for an established market so as to be able to sell not only sweaters but also other pieces of clothing in alpaca wool. Brenda is happy and grateful that the institution has offered her support.
El Banco de Emprendimiento Alpaquitas, esta compuesto por nueve integrantes, Siete mujeres y dos varones, la presidenta es la Sra. Brenda, ella casada tiene 39 años con 2 hijos que se encuentran en edad escolar, ella se dedica al tejido y venta de ropa y chompas de lana de alpaca, su taller se encuentra en la zona de Sopocachi, este préstamo es su primera secuencia dentro de la institución, la Sra. Brenda utilizara este préstamo para compra de lana para el tejido de chompas de lana ya que tiene pedidos que entregar, su razón para solicitar este préstamo es aumentar su capital de arranque, la Sra. Brenda enfrenta retos en su negocio que son abrir una microempresa en sociedad, y va a utilizar los beneficios buscando un mercado ya establecido y ofrecer no solo chompas sino otras prendas en lana de alpaca, la Sra. Brenda se siente feliz y agradecido 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.