The “Mantillitas” communal bank has 8 members, six women and two men. The bank president is Flora. She’s 37 years old and a single mother of four children who are 12, 8, 4 and 1 year old. She sells fruit in quantity in her fruit stand located in the 25 de Julio zone. This loan is her first sequence within the institution.
Flora will use the loan to buy seasonal fruit like watermelon, mandarins and oranges at wholesale to stock her stand. Her reason for requesting the loan is lack of capital. The business challenge Flora faces is to improve her stand, to expand it, in order to have more products to offer her customers. She will use profits to increase her working capital.
El Banco de emprendimiento MANTILLITAS está compuesto por ocho integrantes, seis mujeres y dos varones, la presidenta del banco es La Sra. Flora, ella tiene 37 años y es madre soltera con 4 hijos que son de las edades de 12, 8, 4 y 1 años, ella se dedica a la venta de frutas por cantidad en su puesto de venta que se encuentran en la zona 25 de Julio, este préstamo es su primera secuencia dentro de la institución, La Sra. Flora utilizara este préstamo para la compra de frutas de temporada por mayor, como sandia, mandarina y naranja para surtir su puesto de venta, su razón para solicitar este préstamo es falta de capital. La Sra. Flora enfrenta retos en su negocio que son mejorar su puesto de venta ampliarlo para así tener más productos que ofrecer a sus clientes, y va a utilizar los beneficios en aumentar su capital de trabajo.
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.