The EL BUEN PASTOR community bank has eight members: six women and two men. The president of the community bank, Sra. Maria, is 23-years old and married with two children, 6- and 2-years old, respectively. Sra. Maria operates a retail business. She sells a variety of toiletries including shampoo, soap, combs, towels, etc. She operates the business in a market in the city of El Alto. She is a new customer of the institution. Sra. Maria will use this loan to stock her business with the products that she sells. The investment will allow her to provide a variety of products to her customers. She says that she wants to continue improving her business and that she will use the profits from the investment to buy more products and ultimately increase her income.
El Banco de emprendimiento EL BUEN PASTOR está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Maria tiene 23 años, casada con 2 hijos que son de las edades de 2 y 6 años, la Sra. Maria se dedica a la venta de variedad de artículos de higiene y limpieza como champó jabón, jaboncillos, peines y toallas y variedad de artículos en su puesto de venta que se encuentra ubicado en uno de los mercados de la ciudad de El Alto, ella es cliente que se encuentra en su primer ciclo dentro de la institución, la Sra. Maria va a usar este préstamo para la compra variedad de artículos de limpieza para surtir su negocio y de esta manera brindar variedad de productos a sus clientes, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Maria va a utilizar los beneficios para seguir comprando productos y así mejorando sus ingresos.
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.