The entrepreneurial group Añoranza ["yearning"] consists of nine members, six women and three men. The president of the group is Señora Julia. She is 38 years old and has four children, ages 4, 6, 13, and 17. She works to make and sell bread. She has a bakery which is located in her own home, in the village of Nueva Esperanza.
This loan will be their first within the institution. Señora Julia will use the loan to buy flour in bulk to make a variety of breads. In this way she will offer better service to her customers and increase her income. Her reason for requesting this loan is to continue improving her business. Señora Julia will use the profits to keep buying cooking utensils and goods for making her breads.
Señora Julia is a very hardworking person; she feels fortunate to be offered this opportunity for herself and for her group members, as some of them support their families on their own.
El Banco de emprendimiento AÑORANZA, Está compuesto por nueve integrantes seis mujeres y tres varones, la presidenta del banco es la Sra. Julia tiene 38 años, tiene cuatro hijos que son de las edades de 4, 6, 13 y 17 años, se dedica a la actividad de elaboración y venta de pan, tiene su panadería que se encuentra ubicado en su mismo domicilio en la localidad de Nueva Esperanza, este préstamo es su primera secuencia dentro de la institución, la Sra. Julia va a utilizar este préstamo para la compra de harina por cantidad para la elaboración de variedad de panes y así de esta manera brindar un mejor servicio a sus clientes e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Julia va a utilizar los beneficios para seguir comprando utensilios e insumos para la elaboración de sus panes, la Sra. Julia 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.