The bank of entrepreneurship in Azucenas is made up of eight members: seven women and one man. The president of the bank is Señora María; she is 42-years-old and married with five children who are of the ages 18, 14, 9, 7, and 2. She makes a living by making petticoats, which are like skirts of thin fabric that women wear beneath their skirts. She makes them in her shop which is located in the area of Circunvalación.
This loan is her fourth cycle with the institution. Señora María is going to use this loan to buy wholesale fabric. Her reason for asking for the loan is she lacks the cash. Señora María faces challenges in her business, and one is the purchase of various machinery to make her garments. She is going to use the profits to continue buying machinery and materials for her business, and thus be able to generate more income.
Señora María is a very hard-working person who alone gets her family ahead in life; this is the only work she is able to support it with. She is happy for the opportunity offered to her by her group partners since in many cases they support their families alone, like she does.
El Banco de emprendimiento Azucenas está compuesto por ocho integrantes siete mujeres y un varón la presidenta del banco es la Sra. María ella tiene 42 años y es casada con cinco hijos que tienen las edades de 18, 14, 9, 7 Y 2 años, ella se dedica a la confección de enaguas, que son como faldas de tela delgada que se ponen las señoras de pollera debajo de sus polleras, ella confecciona en su taller que se encuentra ubicado en la zona de la Circunvalación, este préstamo es su cuarta secuencia dentro de la institución, la Sra. María va a usar este préstamo para la compra de tela por mayor, 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 sus prendas 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.