The communal bank VILLA MERCEDEZ is composed of 10 members, 8 women and 2 men. The president of the bank is Shirley, 34 years old, who with her partner has two children - 2 and 3 years of age. She has worked in the sale of meat for many years, and this loan is her first with this institution. Shirley will use this loan for the purchase of meat, and in this way increase her working capital. The reason she is asking for this loan is a lack of working capital. Shirley faces challenges in her business including competition - as there are many people who sell meat in the area where she sells - however she has many clients because of the good treatment she gives them and because she is a very friendly person. She is going to use the benefits of this loan to continue improving her business, and she wishes to be able to have a store in the market near where she lives in the longer term. Shirley is a very hardworking person and she is happy for the opportunity provided to her and her group mates, especially since in some cases they are the sole providers for their families.
El Banco de emprendimiento VILLA MERCEDEZ está compuesto por diez integrantes, ocho mujeres y dos varones, la presidenta del banco es la Sra. Shirley tiene 34 años y tiene su pareja con el que tiene 2 hijos que son de las edades de 3años y 2años, su actividad es la venta de carne hace ya varios años, este préstamo es su primera secuencia dentro de la institución, la Sra. Shirley utilizara este préstamo para la compra de carne y así de esta manera aumentar su capital de trabajo, Su razón para solicitar este préstamo es la falta de capital de trabajo, la Sra. Shirley enfrenta retos en su negocio que son la competencia, ya que en la zona donde vende existe muchas personas que venden carne, con la diferencia que la Sra. tiene muchos clientes por el buen trato que les da ya que ella es una persona amable y va a utilizar los beneficios en seguir mejorando su negocio y ella desea a la larga poder tener una tienda en el mercado por donde ella vive. La Sra. Shirley es una persona muy trabajadora se siente feliz por la oportunidad brindada a ella ya sus compañeras de grupo ya que en algunos casos mantienen solas a sus familias.
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.