The “Días Felices” (Happy Days) communal bank has 8 members, six women and two men. The bank president is Flora, 62. She’s married and has three children who are all now independent adults; they are 33, 25 and 22 years old. She sells basic staple items in a neighborhood store located in the Santa Vera Cruz neighborhood.
This loan is her first sequence in the institution and she will use it to buy merchandise like groceries and soft-drinks to stock her store. Her reason for requesting the loan is to increase her working capital. The business challenge Flora faces is competition since there are many stores in her neighborhood but she always treats her customers with kindness and will use profits to continue stocking her store. She is grateful to the institution for the help provided.
El Banco de emprendimiento DIAS FELICES está compuesto por ocho integrantes, seis mujeres y dos varónes, la presidenta del banco es la Sra. Flora ella tiene 62 años y es casada con 3 hijos que son ya algunos mayores e independientes tienen las edades de 33, 25 y 22 años. Ella se dedica a la venta de productos de primera necesidad en una tienda de barrio que se encuentran en zona Santa Vera Cruz. Este préstamo es su primera secuencia dentro de la institución y utilizara este préstamo para la compra de mercadería como abarrotes y refrescos para surtir su tienda, su razón para solicitar este préstamo es incrementar su capital de trabajo, la Sra. Flora enfrenta retos en su negocio que son competencia ya que en su zona existen varias tiendas de barrio pero ella siempre atiende a su clientela con amabilidad y utilizara los beneficios en seguir surtiendo su tienda, la Sra. se siente 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.