The “Las Cariñositas” (The Affectionate Ones) communal bank has 8 members; six woman and two men. The bank president is Julieta, 46. She’s married and has two children who are 10 and 11 years old. She sells food in her sales stand located in the city of Cochabamba’s Cruce Taquiña zone.
This loan is her second sequence in the institution and Julieta is going to use the loan to buy ingredients for her dishes like rice, noodles and potatoes at wholesale in order to offer a variety of dishes to her customers. Her reason for requesting the loan is to continue buying supplies and improving her income this way. Julieta is a very hardworking woman who feels happy for the opportunity being given her and her fellow group members because often they are the people who are raising their families by themselves.
El Banco de emprendimiento LAS CARINOSITAS está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Julieta tiene 46 años, es casada tiene dos hijos de las edades de 10 y 11 años, ella se dedica a la venta de comida en su puesto de venta que se encuentra en la zona del Cruce Taquiña de la ciudad de Cochabamba , este préstamo es su segunda secuencia dentro de la institución, la Sra. Julieta va a usar este préstamo para la compra de insumos como arroz, fideo y papa por mayor para la elaboración de sus platillos y de esta manera brindar variedad de platillos a sus clientes, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Julieta va a utilizar los beneficios para seguir comprando insumos y así mejorando sus ingresos, La Sra. Julieta es una persona muy trabajadora se siente feliz por la oportunidad brindada a ella ya sus compañeras del grupo ya que en muchos casos son personas que sacan adelante 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.