The PAZ Y PROGRESO community bank has eight members: seven women and one man. Sra. Rosmery, 45, is the president of the group. She is married and has 3 children who are 16-, 25- and 22-years old, respectively. Sra. Rosmery operates a food stand in the Tacagua neighborhood. This loan will be her first. She will use it to buy tables, chairs and the other things that she needs to operate a restaurant business. She is appyling for a loan because she wouldn't have enough money to buy what she needs for the business without one. Sra. Rosmery faces various challenges that include competition from other similar businesses. She plans to use her future profits to add other things she needs--kitchen supplies, appliances, etc.--so that she can continue improving and growing the restaurant. Sra. Rosmery is a hard-working person. She says that she is grateful to you not only for herself but also for other members of her community bank, many of whose businesses are the sole source of income for their families.
El Banco de emprendimiento PAZ Y PROGRESO está compuesto por ocho integrantes siete mujeres y un varón la presidenta del banco es la Sra. Rosmery tiene 45 años y es casada con 3 hijos que son de las edades de 16, 25 y 22 años, ella se dedica a la venta de comida en un puesto de venta que se encuentran en la zona de Tacagua, Este préstamo es el su primera secuencia dentro de la institución, la Sra. Rosmery va a utilizar este préstamo para la compra de sillas mesas y otros para abrir su restaurante y así brindar mayor comodidad a su clientela, su razón para solicitar este préstamo es la falta de efectivo para la compra de muebles y utensilios para abrir su restaurante, la Sra. Rosmery enfrenta retos en su negocio que son la competencia y ella va a utilizar los beneficios en seguir comprando utensilios y electrodomésticos para seguir mejorando su restaurante para brindar a su clientela más comodidad, la Sra. Rosmery 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.