The '32-VILLA PARAISO' community bank has nine members: seven women and two men. The bank's president, Giovanna, is 22 years old and single. Her business is selling cereals on one of the busiest avenues in the city of Cochabamba. This loan is her sixth with the institution. Giovanna will use her loan to buy cereals wholesale and thereby increase her working capital. Her reason for requesting this loan is to continue improving her business. She will use the profits to continue buying merchandise and thereby improve her income. Her wish for her business is to have a store where she can sell a variety of cereals. Giovanna is a very hard-working person. She feels happy with the opportunity that she and her fellow group members are being given as some of them are supporting their families on their own.
El Banco de emprendimiento 32-VILLA PARAISO está compuesto por nueve integrantes siete mujeres y dos varones, la presidenta del banco es la Sra. Giovanna, ella tiene 22 años ella es soltera, La Sra. Giovanna se dedica a la venta de cereales en una de las avenidas mas concurridas de la ciudad de Cochabamba, este préstamo es su sexta secuencia dentro de la institución, la Sra. Giovanna va a usar este préstamo para compra de cereales por mayor y así de esta manera incrementar su capital de trabajo, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Giovanna va a utilizar los beneficios para seguir comprando mercaderia y así mejorando sus ingresos, su deseo para su negocio es tener una tienda donde pueda ofrecer variedad de cereales, La Sra. Giovanna 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.