The venture bank LAS MAGNIFICAS COLCA is comprised of eight members, including six women and two men that are engaged in various activities. The president of the bank is 23 year old Treysi, who has two children who are 2 and 5 years old. Tresyi works to sell a variety of items like groceries, candy, soft drinks and other items in her local shop. This loan is the first sequence within the institution. Treysi is going to use the loan to buy a variety of groceries for her business like rice, pasta, flour and sugar in bulk to stock her store and thus provide a variety of products to her customers. Her reason for soliciting the loan is to continue improving her business. Treysi will use the profits to continue purchasing products and thus improve her income, since during this season there is great demand. She wants to have a warehouse and thus provide better service to her customers. Treysi is a hardworking person and feels happy for the opportunities provided to her and her group members.
Banco de Emprendimiento LAS MAGNIFICAS COLCA está compuesta por ocho integrantes de los cuales seis son mujeres y dos varones que se dedican a distintas actividades, la presidenta del banco es la Sra. Treysi tiene 23 años, tiene dos hijos de las edades de 2 y 5 años, Sra. Treysi 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, este préstamo es su primera secuencia dentro de la institución, Sra. Treysi 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 tienda y de esta manera brindar variedad de productos a sus clientes, su razón para solicitar este préstamo es seguir mejorando en su negocio, Sra. Treysi va a utilizar los beneficios para seguir comprando productos y así mejorando sus ingresos, ya que esta época es de mucha demanda, su deseo para su negocio es tener un almacén y así brindar un mejor servicio a su clientela. Sra. Treysi es una persona muy trabajadora se siente feliz por la oportunidad brindada a ella y a sus compañeras de grupo
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.