The Entrepreneurial Bank, 22-Niño Jesus, is made up of nine members, seven women and two men. The president of the bank is María, who is 50 years old and is married with a 20-year-old son. María works making traditional skirts, and has dedicated her time and efforts to this craft for several years. Her workshop is located in the zone of Circunvalación. This is her second loan with this institution, and she plans to use the support from the loan to purchase rolls of fabric for making skirts. She is requesting this loan because she lacks the working capital to presently make the purchase.
María faces challenges in her business, and she is constantly working to improve the quality of products she makes. She hopes to utilize her income to continue growing her business and her working capital. Her dream for her business is to keep growing and to master the designs for a wide variety of clothing items. María is grateful to this institution for their support of her business and their support for her fellow group members.
El Banco de Emprendimiento 22- Niño Jesus está compuesto por nuevo integrantes, siete mujeres y dos varones, la Presidenta del banco es la Sra. María tiene 50 años y es casada con un hijo que tiene la edad de veinte años, ella se dedica a la confección de polleras para las cholitas, ella se dedica a esta actividad hace ya varios años, su taller se encuentran ubicado en la zona de la Circunvalación este préstamo es su segunda secuencia dentro de la institución, la Sra. María utilizara este préstamo para compra te telas por rollo para la confección de sus polleras, su razón para solicitar este préstamo es falta de capital de trabajo, la Sra. María enfrenta retos en su negocio que son seguir mejorando la calidad de la confección de las prendas de vestir y va a utilizar los beneficios en seguir aumentando su capital de trabajo su deseo para su negocio es crecer y confeccionar variedad de prendas de vestir, la Sra. María se siente feliz y agradecida con la institución por el apoyo brindado a ella y sus compañeras de grupo.
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.