The “San Martin de Porres-32” communal bank has 8 members: 7 women and 1 man. The bank president is Sandra, 33. She has four school-age children. She works selling toys in a sales stand located in one of Cochabamba’s better known markets. This loan is her first sequence in the institution and Sandra will use the loan to buy toys at wholesale to stock her business. Her reason for requesting the loan is for business growth. The business challenge Sandra faces is competition because there are several others in the same market she works in that do the same thing as she does. She will use profits to improve her products and her quality of life. Her wish for her business is to open a store of her own to display the variety of toys she has available for sale.
El Banco de emprendimiento SAN MARTIN DE PORRES - 32 está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. Sandra tiene 33 años y tiene cuatro hijos que se encuentran en edad escolar, ella se dedica a la venta de juguetes en su puesto de venta que se encuentra en uno de los mercados más concurridos de la ciudad de Cochabamba, este préstamo es su primera secuencia dentro de la institución, la Sra. Sandra va a usar este préstamo para compra de juguetes por mayor para surtir su negocio, su razón para solicitar este préstamo es crecimiento de su negocio, la Sra. Sandra enfrenta retos en su negocio que son la competencia ya que en la mismo mercado 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.