The communal bank "The Friends" is made up of nine members, six women and three men. The president of the bank is Sra. Bertha. She is 30 years old and has a one year old son. Sra. Bertha sells cosmetics via catalog, and sells these products by walking around and visiting public and private homes and offices in Santa Cruz where she offers her products.
This is her first loan with the institution, and Sra. Bertha is going to use the loan to purchase wholesale cosmetics and jewellry that is also on sale. In this way she will provide a variety of products to her clientele to increase her earnings. Her motivation for asking for the loan is to be able to continue improving her business and to be able to purchase more variety of products.
Sra. Bertha is a hard working person and is happy for the opportunity that she's been offered, as some of her fellow group members are working hard to raise their families alone.
El Banco de emprendimiento LOS AMIGOS está compuesto por nueve integrantes seis mujeres y tres varones, la presidenta del banco es la Sra. Bertha tiene 30 años, y un hijo que tiene la edad de un año, La Sra. Bertha se dedica a la venta de cosméticos por catalogo, ella vende sus productos de manera ambulante, visitando domicilios y oficinas públicas y privadas de la ciudad Santa Cruz, donde ofrece sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Bertha va a utilizar este préstamo para la compra de cosmético y joyas por mayor y que se encuentran en promoción y de esta manera brindar variedad de productos a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Bertha va a utilizar los beneficios para seguir comprando variedad de productos de belleza, la Sra. Bertha 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.