The communal bank Jesus Es Mi Pastor comprises eight members, all of them women.
Juana is the bank President. She is forty years old and works making and selling bread. She has her own bakery, which is located in her home, in the Arco Iris area. This loan is her eighth cycle within the institution. Juana is going to use this loan to purchase flour in bulk so that she can offer her customers better service by making a variety of pastries, and increase her earnings. Her reason for requesting this loan is to continue improving her business. Juana is going to use the profits to continue purchasing utensils and supplies to make her breads and pastries.
Juana is a very hard worker and is happy with the opportunity she is being offered along with her fellow members of the group, because in some cases they are supporting their families alone.
El Banco de emprendimiento JESUS ES MI PASTOR, está compuesto por ocho integrantes todas mujeres, la presidenta del banco es la Sra. Juana, tiene 40 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 zona de Arco Iris, este préstamo es su octava secuencia dentro de la institución, la Sra. Juana 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. Juana va a utilizar los beneficios para seguir comprando utensilios e insumos para la elaboración de sus panes, 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.