The 'PIONERAS - 26e' community bank has eight members: seven women and one man. The bank's president, Maria, is 26 years old and has two children who are 5 and 2 years old. Her business is selling gifts in different function rooms around the city of El Alto. This loan is her second with the institution. Maria will use her loan to buy gifts and gift wrap wholesale for her business and thereby increase her working capital. Her reason for requesting this loan is to continue improving her business. Maria will use her profits to continue buying gifts and thereby continue improving her income. Her wish for her business is to have a store where she can sell a range of gifts. Maria is a very hard-working person who feels happy with the opportunity that she is being given. Her fellow group members feel the same way as some of them are supporting their families on their own.
El Banco de emprendimiento PIONERAS - 26e está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. Maria, ella tiene 26 años y dos hijos de las edades de 5 y 2 años, La Sra. María se dedica a la venta de regalos en los distintos salones de fiestas de la ciudad de El Alto este préstamo es su segunda secuencia dentro de la institución, la Sra. María va a usar este préstamo para compra de regalos y papel de regalo por mayor para la venta de regalos y así de esta manera incrementar su capital de trabajo, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Maria va a utilizar los beneficios para seguir comprando regalos y así mejorando sus ingresos, su deseo para su negocio es tener una tienda donde pueda ofrecer variedad de regalos, La Sra. María 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.