The communal bank “Las Maravillosas” (“The Wonderful Women”) has eight members, all women. The president of the bank is Sandra. She is 28 years old and is married with 3 children, who are 4, 9 and 11 years old. She sells wooden frames and has a stall in the El Torno area.
This is the group’s second loan cycle with the institution. Sandra will use the loan to buy wooden frames at wholesale to sell retail. In this way she can increase her business’s working capital. Her reason for requesting the loan is to stock up her business. Sandra will use the profits to buy electrical appliances for her home. This will enable her to improve her family’s quality of life.
Sandra is a very responsible and hardworking person. She is happy and grateful to the institution for the support that she and the other members of the group receive, as often these businesses are the only activity they have to support themselves.
El Banco de emprendimiento LAS MARAVILLOSAS está compuesto por ocho integrantes todas mujeres, la presidenta del banco es la Sra. SANDRA tiene 28 años y es casada con 3 hijos que son de las edades de 4, 9 y 11 años, ella se dedica a la venta de marcos de madera, tiene su puesto de venta que se encuentra en la localidad de el Torno, este préstamo es la primera secuencia dentro de la institución, Sandra va a usar este préstamo Para la compra de marcos de madera por mayor para vender al detalle , y así de esta manera aumentar su capital de trabajo para su negocio, su razón para solicitar este préstamo es surtir su negocio, Sandra va a utilizar los beneficios en comprar electrodomésticos para su casa y así dar una mejor calidad de vida a su familia, la Sra. Sandra es una persona muy responsable y trabajadora se siente feliz y agradecida con la institución por el apoyo brindado a ella y a sus compañeras de grupo ya que en muchos casos es la única actividad que les 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.