Nueva Esperanza Ii Group
Update on Nueva Esperanza Ii GroupThe entrepreneurship bank Nueva Esperanza II is made up of eight members of whom five are women and three are men. The president of the bank is Victoria. She lives in the area of Nueva Esperanza from which the bank's name comes as the majority of the members live in this area. Victoria is thirty years old and has three children of the ages of 12, 13, and 15, all being of school age. Victoria makes a living making and selling food from her food stall that is located in the same area where she lives. This loan is her third loan cycle with the institution and she is going to use the loan to buy tables and chairs in bulk, in this way giving greater comfort to her customers and increasing her work capital. The reason she's requesting this loan is to continue improving her business. Victoria is going to use the profits to continue buying utensils in order to continue improving her earnings. Her desire for her business is to have a restaurant and thus offer a greater variety of dishes to her customers. Victoria is a very hardworking person who feels happy for this opportunity given to her and the members of her group since, in some cases, they alone support their families.
Está compuesto por Ocho integrantes cinco mujeres y tres varones, la presidenta del banco es la Sra. Victoria vive por la zona de Nueva Esperanza de ahí el nombre del banco ya que la mayoría de las socias viven por esta zona, la Sra. Victoria tiene 30 años, tiene tres hijos de las edades de 12, 13 y 15 años, todos ellos en edad escolar, La Sra. Victoria se dedica a la elaboración y venta de comida en su puesto de venta que se encuentra en la misma zona donde vive, este préstamo es su tercera secuencia dentro de la institución, la Sra. Victoria va a usar este préstamo para la compra de mesas y sillas por mayor y así de esta manera brindar mayor comodidad a sus clientes e incrementar su capital de trabajo, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Victoria va a utilizar los beneficios para seguir comprando utensilios para así ir mejorando sus ingresos, su deseo para su negocio es tener una restaurante y así brindar mayor variedad de platillos a su clientela. La Sra. Victoria 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.
Previous Loan DetailsThe Nueva Esperanza II Communal Bank, which is entering into its first loan cycle, is made up of eight members who live in the Nueva Esperanza area. They each have their own businesses. Their president is Sonia, who is 43 years old and has lived in the area for nine years. Her business is sell... More from Nueva Esperanza Ii Group's previous loan »
About EmprenderEmprender 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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.
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