The Communal Bank “31-Rosas” consists of nine members, seven women and two men. The group president is Sra. Rosalynn. She is 60 years old and has one child who is independent. Rosalynn is a small businesswoman who offers a variety of household products such as bed sheet sets, quilts, and pillows. She delivers her products to different vending stalls and to customers’ homes. Rosalynn accepts orders and extends credit for the products she delivers.
Sra. Rosalynn lives in her home in the District of Blanco Galindo. This is the third loan she has taken with Emprender. She will use this loan to buy bed sheet sets in bulk since she already has many orders. Sra. Rosalynn faces challenges in her business, such as the demand for new products. She will utilize the benefits of this loan so that she can purchase a variety of products and offer better service. Sra. Rosalynn is pleased and expresses her appreciation to Emprender for the support it has provided by issuing this loan.
El Banco de emprendimiento 31-ROSAS está compuesto por nueve integrantes siete mujeres y dos varones, la presidenta del banco es la Sra. Rosalynn tiene 60 años tiene 1 hijo ya independiente, ella se dedica al comercio minorista, ofreciendo variedad de productos de dormitorio como juego de sabanas, edredones y almohadas, ella entrega a distintos puestos de venta y domicilios, ya que le hacen pedidos ella entrega sus productos a crédito, la Sra. Rosalynn vive en su domicilio que se encuentra en la zona de la Blanco Galindo, este préstamo es el tercero que ha tomado con la institución, la Sra. Rosalynn va a usar este préstamo para la compra de juegos de sabana por mayor ya que tiene muchos pedidos, la Sra. Rosalynn enfrenta retos en su negocio que es la demanda que hay de nuevos productos y va a utilizar los beneficios en una mejor atención con la compra de variedad de productos, la Sra. Rosalynn se siente feliz y agradecida con la institución por el apoyo brindado en la otorgación del crédito.
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.