The communal bank "Los Intocables - 32" has ten members - seven women and three men. The president of the bank is 24 year old Diego who is single and sells costume jewellery and other accessories for women at his stall in one of Cochabamba's markets. This loan is his first with the bank and Diego will use it to buy costume jewellery merchandise to stock up his stall. His reason for applying for this loan is that he needs to expand and satisfy his customers by offering a variety of products. Diego faces the challenge of increasing his customer base and he will use the profits to improve his standard of living.
El Banco de emprendimiento LOS INTOCABLES – 32 está compuesto por diez integrantes siete mujeres y tres varones, el presidente del banco es el Sr. Diego. tiene 24 años, soltero, el se dedica a la venta de bisutería y demás accesorios para mujeres, en su puesto de venta que se encuentra en uno de los mercados de la ciudad de Cochabamba, este préstamo es su primera secuencia dentro de la institución, el Sr. Diego va a usar este préstamo para compra de mercadería variedad de bisutería para surtir su puesto de venta, su razón para solicitar este préstamo es necesidad de ampliar y satisfacer a su clientela ofreciendo variedad de productos en su negocio, el Sr. Diego enfrenta retos en su negocio que son incrementar su clientela y va a utilizar los beneficios para mejorar su 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.