The communal bank "74-Nuevo Amanecer" (74-New Dawn) is made up of eight members, six women and two men. The president of the group is Wilma, who is 22 years old and does not have any children. Wilma makes a living making and selling "empanadas" (a filled pastry) and bread. She has a stall from where she sells her products. This is the first loan she has taken out through the communal bank. She will use the loan to buy tables and chairs for her food stall. This will allow her to provide comfort and better service to her customers, which will lead to increased profits. The reason she took out the loan is to continue improving her business. She will use the benefits that come from the loan to continue buying utensils and ingredients needed to make her "empanadas". Wilma is a very hard working woman. She is thankful for the opportunity that has been given to her and her fellow group members, as it is common that they are the only ones supporting their families.
El Banco de emprendimiento 74-NUEVO AMANECER, Está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Wilma tiene 22 años, y no tiene hijos, La Sra. Wilma se dedica a la actividad de elaboración y venta de pan y de empanadas, ella tiene un puesto fijo donde ofrece sus productos este préstamo es su primera secuencia dentro de la institución, la Sra. Wilma va a utilizar este préstamo para la compra de mesas y sillas para su puesto de venta, de esta manera brindar comodidad y un mejor servicio a sus clientes e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Wilma va a utilizar los beneficios para seguir comprando utensilios e insumos para la elaboración de sus empanadas, la Sra. Wilma 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.