The entrepreneurial bank of Santa Maria is composed of eight members; six women and two men. The bank president is Mrs. Juana who is 53 years old and married with one 17 year old child. She sells food and “patasca” a nickname for corn nuts. She sells at a stall location in the town of Santa Maria. This loan will be her first with this bank. Mrs. Juana will use the loan to purchase of bulk corn seed to sell for planting and resale by which she can increase her cash flow. She is requesting this loan as she has no working cash to purchase the corn seed before the price goes up, so that she can stock inventory. The challenges Mrs. Juana faces in her business are getting more customers so she can provide a higher quality of life to her family. Mrs. Juana is a very hardworking person and feels happy to have this opportunity provided to her and to her fellow group members. In some cases, the group members are the only ones to provide earnings to support their families.
El Banco de emprendimiento SANTA MARIA está compuesto por ocho integrantes, seis mujeres y dos varones, la presidenta del banco es la Sra. Juana tiene 53 años y es casada con 1 hijo que tiene la edad de 17 años, ella se dedica a la venta de alimentos a la venta de patasca mote de maíz seco cocido, ella vende en la localidad de Santa María este préstamo es su primera secuencia dentro de la institución, la Sra. Juana va a usar este préstamo para la compra de maíz seco por mayor para hacer coser y poner a la venta y así de esta manera incrementar su capital de trabajo, su razón para solicitar este préstamo es que no cuenta con capital de trabajo ya que esta época sube de precio el maíz seco y ella quiere almacenar para no sufrir de su producto, la Sra. Juana enfrenta retos en su negocio que son el tener más clientela y va a utilizar los beneficios en dar una mejor calidad de vida a su familia, La Sra. Juana 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.