The communal bank Los Amigasos is made up of 9 members, 8 women and 1 man. The president of the bank is Cinthia who is 18 years old. She has 2 children who are 2 years old and a baby of 4 months.
Cinthia works selling clothing. She has a stand in the town of El Torno. This is her first loan sequence within the institution. Cinthia is going to use this loan to buy winter clothing such as pullovers and jackets thus providing a variety of products to her customers and increasing her earnings. Her reason for asking for this loan is to continue improving her business. Cinthia is going to use the profits to continue buying a variety of clothing according to the season. Cinthia is a hardworking woman who feels happy for the opportunity as it is the only activity which allows her to support herself and her family.
El Banco de emprendimiento LOS AMIGASOS Está compuesto por nueve integrantes ocho mujeres y un varón, la presidenta del banco es la Sra. Cinthia tiene 18 años, tiene dos hijos de la edades de 2 años y un bebe de 4 meses. La Sra. Cinthia se dedica a la actividad de venta de ropa, ella tiene su puesto de venta en la localidad de El Torno, este préstamo es su primera secuencia dentro de la institución, la Sra. Cinthia va a utilizar este préstamo para la compra de ropa de temporada de invierno como chompas y chamarras y así de esta manera brindar variedad de sus productos a sus clientes e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Cinthia va a utilizar los beneficios para seguir comprando variedad de ropa según la temporada, la Sra. Cinthia es una persona muy trabajadora se siente feliz por la oportunidad brindada ya que esta es la única actividad que le permite mantenerse y mantener a su familia.
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.