The venture bank PRIMAVERA – 26 is made up of eight members, five women and three men. The president of the bank, Carla, is 32 years old and has a seven-year-old child. Her business is selling cosmetics from a catalog. She sells her products on foot, visiting homes and public and private offices in the city of La Paz, where she offers her products. This is her first loan series with the institution. Carla is going to use this loan to buy cosmetics and jewelry wholesale and on sale, and in this way provide a variety of products to her customers and increase her profits. Her reason for requesting this loan is to continue improving her business. Carla is going to utilize the profits to continue buying a variety of beauty products. Carla is a hard-working person who feels happy because of the opportunity provided to her, since her fellow group members, some of them are supporting their families alone.
El Banco de emprendimiento PRIMAVERA - 26 Está compuesto por ocho integrantes cinco mujeres y tres varones, la presidenta del banco es la Sra. Carla tiene 32 años, y un hijo que tiene la edad de 7 años, La Sra. Carla se dedica a la venta de cosméticos por catalogo, ella vende sus productos de manera ambulante, visitando domicilios y oficinas públicas y privadas de la ciudad de La Paz, donde ofrece sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Carla va a utilizar este préstamo para la compra de cosmético y joyas por mayor y que se encuentran en promoción y de esta manera brindar variedad de productos a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Carla va a utilizar los beneficios para seguir comprando variedad de productos de belleza, la Sra. Carla 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.