The communal bank 'Los Puntuales' is made up of 9 members, 7 women and 2 men. The president is Mónica; she is 30 years old and a single mother of four children. She makes a living selling food. Her food stall is located in zone 23 of Diciembre. This is the second loan she has taken out. She will use it to buy construction material to put a roof over her food stall. It is currently rainy season, and it is difficult to work without covering. With a roof she will be protected from rain as well as sun. Her reason for taking out this loan is to grow her business. The challenge that Mónica faces is competition in the market. She wants to use the benefits she receives from her business to improve her quality of life.
El Banco de Emprendimiento LOS PUNTUALES esta compuesto por nueve integrantes, Siete mujeres y dos varones, la presidenta es la Sra. Mónica tiene 30 años y es soltera con 4 hijos, se dedica a la venta de comida su puesto de venta se encuentra en la zona 23 de diciembre, este es su primera secuencia dentro de la institución, la Sra. Mónica utilizara este préstamo para la compra de material de construcción para un tinglado de su tienda ya que esta época de lluvias no le permite realizar un buen trabajo, y ya con el techo le protegerá de la lluvia e incluso del sol, Su razón para solicitar este préstamo es Hacer crecer el negocio. La Sra. Mónica enfrenta retos en su negocio que son La competencia del mercado y utilizara los beneficios para mejorar su calidad de vida.
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.