The "32-Señor de Malta" communal bank is made up of 11 members. The chairperson of the bank is Betty, 37. She is not married, but is a single mother with five children who depend on her; some are of school age. She makes and sells hamburgers. Her sales location is in her own home, and she lives in the eastern area of the city of Cochabamba. This loan is her 11th with the institution.
Betty will use this loan to buy ingredients for making hamburgers. The reason for applying for this loan is to increase her working capital. Betty faces challenges in her business, such as giving quality service and dealing with competition, and will use the profits to improve her quality of life. Her dream for her business is to have a permanent sales location.
El Banco de emprendimiento 32-SEÑOR DE MALTA esta compuesta por once integrantes la presidenta del banco es La Sra. Betty tiene 37 años, no esta casada pero madre soltera con 5 hijos que son dependientes algunos se encuentran en edad escolar, ella se dedica a la elaboración y venta de hamburguesas su puesto de venta es en su mismo domicilio y ella vive en la zona este de la ciudad de Cochabamba, este préstamo es su decima primera secuencia dentro de la institución, la Sra. Betty utilizara este préstamo para la compra de insumos para la elaboración de hamburguesas, la razón para solicitar este préstamo es incrementar su capital de trabajo, la Sra. Betty enfrenta retos en su negocio que son dar una atención de calidad y la competencia, y utilizara los beneficios para mejorar su calidad de vida, su sueño para su negocio es contar con un puesto fijo de venta.
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.