The entreprenurial group "Alto Cochabamba - 32" is formed by eight members, seven women and 1 man, the president of the group is Dora, she is 42, has two children ages 12 and 8, she works selling toys in a stand located in one of the busiest streets of the city of Cochabamba, this loan is her first cycle with the institution, Dora is going to use this loan to buy toys at wholesale to stock her business because during this season she has many sales, her reason to request the loan is to grow the business, Dora faces challenges in her business such as competition located in the same street where she sells where there are people working on the same activity she works, she is going to use the benefits to have better products and improve her quality of life. Her wish for the business is to start her own store and show the variety of toys she has for sale.
El Banco de emprendimiento ALTO COCHABAMBA - 32 está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. Dora tiene 42 años y tiene dos hijos que son de las edades de 12 y 18 años, ella se dedica a la venta de juguetes en su puesto de venta que se encuentra en una de las calles más concurridas de la ciudad de Cochabamba, este préstamo es su primera secuencia dentro de la institución, la Sra. Dora va a usar este préstamo para compra de juguetes por mayor para surtir su negocio ya que esta época tiene mucha venta, su razón para solicitar este préstamo es crecimiento de su negocio, la Sra. Dora enfrenta retos en su negocio que son la competencia ya que en la misma calle donde vende existen varias personas que se dedican a la misma actividad, va a utilizar los beneficios para mejorar sus productos y su calidad de vida. Su deseo para su negocio es montar una tienda propia y poder exponer la variedad de juguetes que tiene para la venta.
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.