The “Nueva Esperanza” (New Hope) communal bank has 8 female members. The bank president is Elvira, 43. She’s married and has four children who are all school-age. Elvira sells a variety of basic staples like groceries in her local market. This loan is her second sequence in the institution and Elvira will use it to buy a variety of groceries like rice, noodles, flour and sugar at wholesale to stock her business and provide more variety for her customers. Her reason for requesting this loan is to continue improving the business.
Elvira will use profits to continue buying merchandise thus improving her income. Her business goal is to have a store to provide better customer service. Elvira is a very hardworking person who feels happy for the opportunity being provided her and her fellow group members which in many cases are their family’s sole source of support.
El Banco de emprendimiento NUEVA ESPERANZA está compuesto por ocho integrantes todas mujeres, la presidenta del banco es la Sra. Elvira tiene 43 años, es casada con cuatro hijos, todos ellos en edad escolar, La Sra. Elvira, se dedica a la venta de variedad de artículos de primera necesidad como abarrotes en la feria de su zona, este préstamo es su primera secuencia dentro de la institución, la Sra. Elvira va a usar este préstamo para la compra variedad de abarrotes para surtir su negocio como arroz, fideo, harina y azúcar por mayor para surtir su puesto de venta y de esta manera brindar variedad de productos a sus clientes, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Elvira va a utilizar los beneficios para seguir comprando productos y así mejorando sus ingresos, su deseo para su negocio es tener un almacén y así brindar un mejor servicio a su clientela. La Sra. Elvira 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.