The "San Pedro" communal bank is made up of nine members: seven women and two men. The chairperson of the bank is Lizet. She is 32, and has two children, ages 10 and 15.
Lizet sells clothing according to the season. She has a permanent stand where she sells her goods, located in one of the busiest markets in the city of La Paz. This is her first loan with the institution.
Lizet is going to use this loan to buy seasonal clothing at wholesale, such as sweaters and jackets to combat this winter season. This will enable her to offer a variety of clothing to her customers and increase her earnings.
Her reason for requesting this loan is to continue improving her business. Lizet is going to use the profits to continue buying a variety of clothing according to the season.
Lizet is a very hard-working person. She feels happy about the opportunity provided to her and her fellow group members, as in some cases they are the sole support of their families.
El Banco de emprendimiento SAN PEDRO, Está compuesto por nueve integrantes siete mujeres y dos varones, la presidenta del banco es la Sra. Lizet tiene 32 años, y dos hijos que son de las edades de 10 y 15 años, La Sra. Lizet se dedica a la venta de ropa según la temporada, ella tiene un puesto fijo en uno de los mercados más concurridos de la ciudad de La Paz, donde ofrece sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Lizet va a utilizar este préstamo para la compra de ropa de temporada por mayor como ser chompas y chamarras para combatir esta época de invierno y de esta manera brindar variedad de ropa a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Lizet va a utilizar los beneficios para seguir comprando variedad de ropa según la temporada, la Sra. Lizet 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.