The 'La Pampa' community bank has eight members: six women and two men. The bank's president is 44-year-old Nancy. She is not married but lives with her partner. The couple have two children who are 10 and 17 years old. Nancy's business is making and selling bread. She has been working as a baker for several years. Her bakery is located in the town of El Torno. This is her first loan with the institution. Nancy will use her loan to buy supplies such as flour, yeast and butter for making bread. She is requesting this loan to buy supplies wholesale as it works out cheaper to buy in bulk. Nancy faces challenges in her business such as trying to attract more customers so that she can make more income. She will use the profits from her business to offer her family a better quality of life.
El Banco de emprendimiento La Pampa está compuesto por ocho integrantes, seis mujeres y dos varones, la presidenta del banco es La Sra. Nancy tiene 44 años, no es casada pero convive con su pareja con el que tiene 2 hijos que son de las edades de 10 y 17 años, ella se dedica a la elaboración y venta de pan, ella es Panadera desde hace ya varios años, su panadería se encuentra en la localidad de El Torno este préstamo es su primera secuencia dentro de la institución, La Sra. Nancy utilizara este préstamo para la compra de insumos como harina, levadura y manteca para la elaboración de pan su razón para solicitar este préstamo es compra de insumos por mayor ya que es más barato comprar por cantidad, La Sra. Nancy enfrenta retos en su negocio que son tener más clientela y así de esta manera generar más ingresos y va a utilizar los beneficios en brindar una mejor calidad de vida a su familia.
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.