The “Las Intocables” (The Untouchables) communal bank has 12 members ten of which are women and two are men; they are in different lines of work. The bank president is Rosalía, 31. She’s married and has two school age children. She works knitting sweaters and alpaca blankets for women. Her workshop is at home located in the Pucarani zone. This loan is her first sequence in the institution and Rosalía will use it to buy alpaca wool at wholesale to knit sweaters and blankets because sales are very good these days. She delivers orders to various markets in the city of El Alto. Her reason for requesting this loan is to increase working capital. The business challenge Rosalía faces is stocking her merchandise and will use profits to continue buying her supplies for knitting sweaters at wholesale. Thirteen people appear in the photo because one of the member’s sisters came to the meeting with her.
El Banco de Emprendimiento LAS INTOCABLES está compuesta por doce integrantes de los cuales diez son mujeres y dos varones que se dedican a distintas actividades, la presidenta del banco es la Sra. Rosalía tiene 31 años, casada tiene dos hijos que se encuentran en edad escolar, ella se dedica a tejido de chompas y mantas de Alpaca para la mujeres, tiene su taller y domicilio en la zona de Pucarani, este préstamo es su primera secuencia dentro de la institución, la Sra. Rosalia va a usar este préstamo para la compra de lana de alpaca por mayor para el tejido de sus chompas y mantas ya que por esta fechas tiene mucha venta también entrega pedidos a los distintos mercados de la ciudad de El Alto, su razón para solicitar este préstamo es incremento de capital de trabajo, la Sra. Rosalia enfrenta retos en su negocio que son surtir su mercadería y va a utilizar los beneficios e seguir comprando por mayor sus materiales para el tejido de sus chompas. En la foto hay trece integrantes ya que una de las socias del banco fue acompañada de su hermana.
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.