The 32-Azucenas communal bank is made up of nine members, seven women and two men. The president of the bank is Ysabel. She is 24 years old and married with a three-year-old son. Ysabel sells shoes, especially flip-flops. She has a stand in the Cruce Taquiña area of the city of Cochabamba. This loan is her fourth cycle in the institution. Ysabel is going to use the loan to buy a variety of flip-flops and in this way offer a variety of products to her customers. Her reason for asking for this loan is to continue improving her business. Ysabel is going to use the profits to continue buying a variety of products. Ysabel is a very hard-working person. She feels happy about the opportunity given to her and her fellow members in the group, since in some cases they are the sole support for their families.
El Banco de emprendimiento 32-AZUCENAS está compuesto por Nueve integrantes siete mujeres, y dos varones, la presidenta del banco es la Sra. Ysabel, tiene 24 años casada con un hijo de la edad de tres años, La Sra. Ysabel se dedica a la venta de zapatos en especial de chinelas, tiene su puesto de venta en la zona de Cruce Taquiña de la ciudad de Cochabamba, este préstamo es su cuarta secuencia dentro de la institución, la Sra. Ysabel va a utilizar este préstamo para la compra de de variedad de chinelas y así de esta manera ofrecer variedad de productos a su clientela, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Ysabel va a utilizar los beneficios para seguir comprando variedad productos, la Sra. Ysabel 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.