The venture bank Zanja Honda is comprised of 11 members: 10 women and one man. The president of the bank is María Jesús, who is 38 years old, un-married but living with her partner with whom she has two children of 5 and 14 years of age. She works making and selling bread. Her bakery is located in Zanja Honda. This loan is her first with the institution. María Jesús will use the loan to buy flour and butter to make bread and so will increase her working capital and improve her business. Her reason for requesting this loan is a lack of capital. María Jesús faces challenges in her business, including increasing her customer base, and she will use the profits to improve the quality of life for her family. María Jesús is a very hardworking person who is pleased and grateful that the institution offers to her and her group members.
El Banco de emprendimiento ZANJA HONDA está compuesto por once integrantes, diez mujeres y un varón, la presidenta del banco es la Sra. María Jesús tiene 38 años no está casada pero convive con su pareja con el cual tiene dos hijos que tienen la edad de 5 y 14 años. Ella se dedica al elaboración y venta de pan, su panadería se encuentra en la localidad de Zanja Honda, este préstamo es su primera secuencia dentro de la institución, la Sra. María Jesús utilizara este préstamo para la compra de harina y manteca para la elaboración de pan y así de esta manera incrementar su capital de trabajo y mejorar su negocio, su razón para solicitar este préstamo es la falta de capital, la Sra. María Jesús enfrenta retos en su negocio que son crecer en clientela y va a utilizar los beneficios en mejorar la calidad de vida a su familia, la Sra. María Jesús es una persona muy trabajadora se siente feliz y agradecido con la institución por el apoyo brindado a ella y a 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.