The communal bank Amanecer Para Triunfar has nine members, all of them women. The president of the bank is Verónica. She is 31 years old and has four children who are 3, 6, 8, and 11 years old.
Verónica works selling costume jewelry in her stall that is located in the area of Aygachi in the city of La Paz. She offers a variety of products. This loan is her third cycle within the institution, she is an old client.
Verónica is going to use this loan to buy wholesale costume jewelry in order to provide a variety of jewelry to her customers thereby increasing her earnings. Her reason for asking for this loan is to continue improving her business.
Verónica is going to use the profits to continue buying products. Verónica is a hardworking person who feels happy for the opportunity given to her and her group members because in some cases they are the sole support of their families.
El Banco de emprendimiento AMANECER PARA TRIUNFAR, Está compuesto por nueve integrantes todas mujeres, la presidenta del banco es la Sra. Verónica tiene 31 años, y cuatro hijos que son de las edades de 3, 6, 8 y 11 años, La Sra. Verónica se dedica a la venta bisutería en su puesto de venta que se encuentra ubicado por la zona Aygachi de la ciudad de La Paz, donde ofrece variedad de productos, este préstamo es su tercera secuencia dentro de la institución, es cliente antigua, la Sra. Verónica va a utilizar este préstamo para la compra de bisutería por mayor y de esta manera brindar variedad bisutería a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Verónica va a utilizar los beneficios para seguir comprando productos, la Sra. Verónica 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.
A portion of Amanecer Para Triunfar Group's $4,975 loan helped a member to buy wholesale costume jewelry in order to provide a variety of jewelry to her customers and to continue improving her business.