The “Yacuiba-26” communal bank has 11 members, nine women and two men. The bank president is Juana, 32. She has a five-year-old son. Juana sells lingerie. She has a permanent stall in one of the city of La Paz’s busiest markets where she sells her products. This loan is her second sequence in the institution and Juana will use this loan to buy underwear at wholesale in order to have a variety of clothes on offer for her customers thus increasing her profits. The reason for requesting the loan is to continue improving the business. Juana will use profits to continue to buy a variety of underwear. Juana is a very hardworking person who feels happy about the opportunity provided to her and her fellow group members because in some cases they are their families’ sole source of support.
El Banco de emprendimiento YACUIBA-26, Está compuesto por once integrantes nueve mujeres y dos varones, la presidenta del banco es la Sra. Juana tiene 32 años, y un hijos que son de las edades de cinco años, La Sra. Juana se dedica a la venta de ropa interior lencería, 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 segunda secuencia dentro de la institución, la Sra. Juana va a utilizar este préstamo para la compra de ropa interior por mayor 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. Juana va a utilizar los beneficios para seguir comprando variedad de ropa interior, la Sra. Juana 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.