The communal bank Zanja Honda is made up of eight members, seven women and one man. The President of the bank is Mrs. Verónica who is 26 years old and she has two children who are 5 and 14 years old and of school age. Mrs. Verónica sells a variety of items of basic necessity like groceries, sweets, sodas and a variety of other items from her store in her neighborhood that is located in the town of Zanja Honda, which is where the group gets its name. This is her second loan with the institution and Mrs. Verónica will use it to purchase a variety of groceries to stock her business like rice, beans, flour and sugar. With the larger stock, she will be able to offer a wider variety of products to her customers. She is asking for this loan to improve her business. Mrs. Verónica will use the earnings to continue purchasing products and this will improve her income. Her wish is to have a larger space to be able to offer a better service to her customers. Mrs. Verónica is a hard working person and she is happy for the opportunity that she has been offered because her partners in the group, in many cases, are people that get their families ahead all alone.
El Banco de emprendimiento ZANJA HONDA está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. Verónica tiene 26 años, tiene dos hijos de las edades de 5 y 14 años, todos ellos en edad escolar, La Sra. Verónica se dedica a la venta de variedad de artículos de primera necesidad como abarrotes, dulces, refrescos y variedad de artículos en su tienda de barrio que se encuentra en la localidad de ZANJA HONDA de ahí el nombre del grupo, este préstamo es su segunda secuencia dentro de la institución, la Sra. Verónica 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. Verónica 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. Verónica 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.