The “Banco de Emprendimiento Las Américas” communal bank is made up of nine members, eight woman and one gentleman. Maria is the bank’s president and appears first on the right in the photograph wearing blue pants, a reddish blouse, and a cream-colored jacket. She is 21 years old, single, with one six month old son. She makes shoes in her workshop, located in the Las Americas zone. This will be her first loan through the institution and she plans to use the money to buy a shoe polishing machine. She is requesting this loan because she lacks capital and has other challenges, such as having to buy other tools to make a variety of shoe types. She wants to use these benefits to buy tools and supplies for her business and generate more income. Maria is a hardworking women and moves her family forward on her own. This is her only business and she is happy about the opportunity presented to her and the other members of her group, as some of them are also the sole support for their families.
El Banco de emprendimiento Las Américas está compuesto por nueve integrantes ocho mujeres y un varón la presidenta del banco es la Sra. María en la foto la presidenta de la banca de emprendimiento, viste pantalón azul, blusa rosada y chamarra color crema es la primera del lado derecho de la foto, ella tiene 21 años y es soltera con un hijo que tiene la edad de seis meses de gestación , ella se dedica a la fabricación de zapatos en su taller que se encuentra ubicado en la zona las Américas, este préstamo es su primera secuencia dentro de la institución, la Sra. María va a usar este préstamo para la compra de una maquina pulidora de zapatos, su razón para solicitar este préstamo es la falta de efectivo la Sra. María enfrenta retos en su negocio que son la compra de distintas maquinarias para elaborar variedad de calzados y va a utilizar los beneficios para seguir comprando maquinarias y materiales para su negocio y así poder generar mayores ingresos, La Sra. María es una persona muy trabajadora sola saca delante a su familia, esta es la única actividad con la que se mantiene, se siente feliz por la oportunidad brindada a ella ya sus compañeras de grupo ya que en algunos casos como el de ella 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.