The "Nueva Esperanza" communal bank is made up of 10 members: six women and four men. The chair of the group is Sonia. She is 44 years old and has two children, ages 11 and 14.
She sells food in an area of Nueva Esperanza. This loan is her second with the institution. Sonia is going to use this loan to buy ingredients at wholesale for making her meals, such as rice, noodles, potatoes and cooking oil.
Her reason for requesting this loan is her lack of working capital. Sonia is going to use the profits to continue buying ingredients for making her meals.
Sonia is a very hard-working person. She feels happy, and grateful to the institution for the support provided, as this is her only means of supporting herself.
El Banco de emprendimiento NUEVA ESPERANZA II está compuesto por diez integrantes seis mujeres y cuatro varones, la presidenta del banco es la Sra. Sonia tiene 44 años, tiene 2 hijos que tiene la edad de 11 y 14 años, se dedica a la venta de comida una zona de Nueva Esperanza, Este préstamo es su segunda secuencia dentro de la institución la Sra. Sonia va a usar este préstamo para Invertir en la compra de insumos para la elaboración de sus comidas, como arroz, fideo, papa y aceite por mayor Su razón para solicitar este préstamo por la falta de capital, la Sra. Sonia va a utilizar los beneficios en seguir comprando insumos, para la elaboración de sus comidas, la Sra. Sonia es una persona muy trabajadora se siente feliz y agradecida con la institución por el apoyo brindado ya que esta es la única actividad que le permite mantenerse.
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.