The "Sombrerito" ("Little Hat") communal bank is comprised of ten members, eight women and two men. The leader of the group is Roxana, who's 32 years old and has two children aged 5 and 8. Roxana sells fruits that are in season. She has a regular stand in one of the busiest markets in the town of Santa Cruz, where she sells her products. This loan is her third one with the institution. Roxana will use this loan to purchase in-season fruits by wholesale, such as citrus fruit, in order to fight the winter. That way she'll provide a variety of fruits for her customers and increase her profits. The reason why she requests this loan is to keep on improving her business. Roxana will use the profits to continue buying various fruits according to the season. Roxana is a very hardworking person. She feels happy for the opportunity that she and her fellow group members are getting, since in some cases they support their families single-handedly.
El Banco de emprendimiento SOMBRERITO, Está compuesto por diez integrantes ocho mujeres y dos varones, la presidenta del banco es la Sra. Roxana tiene 32 años, y dos hijos que son de las edades de 5 y 8 años, La Sra. Roxana se dedica a la venta de frutas según la temporada, ella tiene un puesto fijo en uno de los mercados más concurridos de la ciudad de Santa Cruz, donde ofrece sus productos, este préstamo es su tercera secuencia dentro de la institución, la Sra. Roxana va a utilizar este préstamo para la compra de fruta de temporada por mayor como ser cítricos para combatir esta época de invierno y de esta manera brindar variedad de frutas a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Roxana va a utilizar los beneficios para seguir comprando variedad de frutas según la temporada, la Sra. Roxana 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.