The Entrepreneurship Bank Nueva Esperanza *** is composed of eight members of whom six are women and two are men. They are engaged in various activities.
The bank's president is Rita, who is 41 years old and has three children who are in school age. She is dedicated to knit sweaters and blankets and skirts for women made of alpaca wool. She lives in the area of 16 de Julio.
This loan is her first sequence in the institution. Rita will use this loan to buy alpaca wool in bulk to knit her sweaters and blankets since she is selling a lot in these dates.
El Banco de Emprendimiento NUEVA ESPERANZA *** está compuesta por ocho integrantes de los cuales seis son mujeres y dos varones que se dedican a distintas actividades, la presidenta del banco es la Sra. Rita tiene 41 años, tiene tres hijos que se encuentran en edad escolar, ella se dedica a tejido de chompas y mantas de lana de Alpaca para las mujeres de pollera, ella vive en la zona 16 de Julio, este préstamo es su primera secuencia dentro de la institución, la Sra. Rita va a usar este préstamo para la compra de lana de alpaca por mayor para el tejido de sus chompas y mantas ya que por esta fechas tiene mucha venta también
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.