The 'Los Vecinos' (Neighbors) community bank has nine members: seven women and two men. The bank's president is 24-year-old Maisa who is single. Maisa's business is providing a passenger transport service in the town of el Torno. She is a motorcycle taxi driver. This loan is her first from the institution. She will use the loan to buy accessories and spare parts for her motorcycle so that she can provide a better service to her customers and increase her profits. She is requesting this loan so that she can continue improving in her business. She will use her profits to continue buying spare parts and, if she is able, another motorcycle. Maisa 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 support their families on their own.
El Banco de emprendimiento LOS VECINOS Está compuesto por nueve integrantes siete mujeres y dos varones, la presidenta del banco es la Sra. Maisa tiene 24 años, ella es soltera, La Sra. Maisa tiene la actividad de transporte de pasajeros en la localidad de el Torno ella es moto taxista, este préstamo es su primera secuencia dentro de la institución, la Sra. Maisa va a usar este préstamo para la compra de accesorios y repuestos para su motocicleta y así de esta manera brindar un mejor servicio a sus clientes e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Maisa va a utilizar los beneficios para seguir comprando repuestos y si se puede otra motocicleta, la Sra. Maisa 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.