The entrepreneurial bank Jaihuayco - 32 consists of 10 members, eight women and two men. The president of the bank is Señora Veronica, who is 31. She is married and has two children, ages 10 and 12. She sells music DVDs in her store, which is located in her own house, which is in the Samaritano zone. This loan is her first from this institution. Señora Veronica is going to use this loan to invest in the purchase of music albums, since they are in much demand at this time of year. She faces challenges in her business, particularly the lack of cash to buy these products. She is going to use the profits to continue buying a variety of products to sell according to the season. Her wish for her business is to grow more and help her family, since this is the activity with which she supports her family.
El Banco de emprendimiento JAIHUAYCO - 32 está compuesto por diez integrantes ocho mujeres y dos varones, la presidenta del banco es la Sra. Verónica tiene 31 años, ella es casada y tiene 2 hijos que son de las edades de 10 y 12 años, la Sra. Verónica se dedica a la venta de DVDs de música en su tienda de venta que se encuentra en su misma casa que está en la zona de Samaritano, este préstamo es su primera secuencia dentro de la institución, la Sra. Verónica va a usar este préstamo para invertir en la compra de álbunes de música, ya que esta época es de mucha demanda, la Sra. Verónica enfrenta retos en su negocio que son la falta de efectivo para la compra de estos productos y va a utilizar los beneficios para seguir comprando variedad de productos según la temporada para vender, su deseo para su negocio es crecer más y ayudar a su familia, ya que esta es la actividad con la que mantiene a su familia.
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.