The "Nueva Generación-26" communal bank is made up of eight members: six women and two men. The chairperson of the bank is Oliette. She is 38, married, and has three children, ages 12, 19 and 23. All three go to school.
Oliette sells clothing according to the season. She has a permanent stand in the Llojeta area of the city of La Paz, where she sells her products. This is her fifth loan with the institution.
Oliette is going to use this loan for the purchase of seasonal clothing at wholesale, such as sweaters and jackets to combat this winter season. This way she can offer a variety of clothing to her clientele and increase her earnings. Her reason for requesting this loan is to continue improving her business.
Oliette is going to use the profits to continue buying a variety of clothing according to the season. Oliette is a very hard-working person, who feels happy because of the opportunity offered to her and her fellow group members, as in some cases they support their families on their own.
El Banco de emprendimiento NUEVA GENERACION - 26, Está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Oliette tiene 38 años casada con tres hijos que son de las edades de 12, 19 y 23 años, los tres estudiando, La Sra. Oliette se dedica a la venta de ropa según la temporada, ella tiene un puesto fijo por la zona de Llojeta de la ciudad de La Paz, donde ofrece sus productos, este préstamo es su quinta secuencia dentro de la institución, la Sra. Oliette 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. Oliette va a utilizar los beneficios para seguir comprando variedad de ropa según la temporada, la Sra. Oliette 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.