The FE Y ALEGRIA venture bank is made up of eight members. All of them are women who work at different activities. The president of the bank is Kelly. She is 24 years old and isn't married but lives with her partner. They have two dependent children, aged 3 and 8. She makes and sells food from her home. She lives in the town of Pedro Lorenzo. This loan is her first with the institution. Kelly will use this loan to buy ingredients for her food, such as rice and pasta. The reason she is asking for this loan is to increase her working capital. Kelly faces challenges in her business such as providing quality service and the competition. She will use the profits to improve her quality of life. Her dream for her business is to have more customers and thus increase her financial income.
El Banco de emprendimiento FE Y ALEGRIA esta compuesta por ocho integrantes todas mujeres que se dedican a distintas actividades, la presidenta del banco es La Sra. Kelly tiene 24 años, no esta casada pero convive con su pareja tiene 2 hijos de las edades de 3 y 8 años que son dependientes, ella se dedica a la elaboración y venta de comida en su puesto de venta que es en su mismo domicilio y ella vive en la localidad de Pedro Lorenzo, este préstamo es su primera secuencia dentro de la institución, la Sra. Kelly utilizara este préstamo para la compra de insumos para la elaboración de sus comidas como arroz y fideo, la razón para solicitar este préstamo es incrementar su capital de trabajo, la Sra. Kelly 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 mas clientela y así de esta manera mejorar sus ingresos económicos.
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.