PAZ Y PROGRESO (Peace and Progress) – 26 is composed of nine members, of whom eight are women. They are engaged in various activities. The group president is Jenny. She is 31 years old and has a 4 year old son. She is dedicated to the sale of flowers at her trading post located in the tejar zone. She is an old client of the institution.
Jenny will use this loan to purchase wholesale flowers for her business that makes different flower arrangements and this time of year there is a high demand die to the large quantity of marriages that happen.
The reason she is requesting this loan is her lack of cash. She will use the profits to continue buying material and supplies for her business to grow and to be able to have a better quality of life.
El Banco de Emprendimiento PAZ Y PROGRESO – 26 está compuesta por nueve integrantes de los cuales ocho son mujeres y un varón que se dedican a distintas actividades, la presidenta del banco es la Sra. Jenny, tiene 31 años y un hijito de la edad de 4 añitos, se dedica a la venta de flores en su puesto de venta que se encuentra ubicado por la zona del tejar, ella es cliente antigua de la institución, la Sra. Jenny va a utilizar este préstamo para la compra de flores al por mayor para su negocio ya que realiza distintos arreglos florares y esta época de fin de año tiene mucha demanda por la gran cantidad de matrimonios que existen, su razón para solicitar este préstamo es la falta de efectivo y va a utilizar los beneficios en seguir comprando material e insumos para su negocio que crezcan y así poder tener mejor calidad de vida.
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.