The “Divino Niño” (Holy Child) communal bank has 8 members; six women and two men. The bank’s president is Clementina who lives in La Guardia. She’s 45-years-old and has two children who are 19 and 17 years old. Clementina sells food in a stand located in the same zone where she lives. This loan will be her second sequence in the institution. Clementina will use this loan to buy ingredients at wholesale like potatoes, rice, noodles and oil to prepare her food thus increasing her working capital. The reason for requesting this loan is to continue improving the business. Clementina will use profits to continue to buy supplies thus improving her income. Her wish for the business is to have a restaurant and offer more comfort to her customers. Clemetina is a very hardworking person who is happy about the opportunity provided her and her fellow group members since in some cases they are their families’ sole source of income.
El Banco de emprendimiento DIVINO NIÑO, Está compuesto por ocho integrantes seis mujeres y dos varónes, la presidenta del banco es la Sra. Clementina vive por la localidad de la Guardia, ella tiene 45 años y dos hijos de las edades de 19 y 17 años, La Sra. Clementina se dedica a la venta de comida en su puesto de venta que se encuentra en la misma zona donde vive, este préstamo es su segunda secuencia dentro de la institución, la Sra. Clementina va a usar este préstamo para la compra de insumos por mayor como papa, arroz, fideo y aceite para la elaboración de sus comidas y así de esta manera incrementar su capital de trabajo, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Clementina va a utilizar los beneficios para seguir comprando insumos y así mejorando sus ingresos, su deseo para su negocio es tener un restaurante y así brindar mayor comodidad a su clientela. La Sra. Clementina 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.