The 31-NUEVA COLCAPIRHUA communal bank has nine members: seven women and two men. The bank’s president is Julia. She is 64 years old. In this photo, she is the woman with the white hat and the blue sweater. She has one older, independent son. Julia has a business selling a variety of liquors like Chicha, a corn liquor, and beer in the Colcapirhua area. This loan is her sixth cycle since she is one of the institution’s older customers. She is requesting a loan to purchase construction supplies because she wants to repair and expand her business. She also wants offer a variety of products to her customers. Her reason for requesting this loan is in order to continue improving her business. Julia is a very hard working person who is happy about the offered opportunities.
El Banco de emprendimiento 31-NUEVA COLCAPIRHUA está compuesto por nueve integrantes siete mujeres y dos varones, la presidenta del banco es la Sra. Julia tiene 64 años, en la foto es la Sra. de sombrero blanco y chompa celeste. ella tiene un hijo mayor ya independiente, ella se dedica a la venta de variedad de licores, como chicha y cerveza en su local que se encuentra en la zona de Colcapirhua, este préstamo es su sexta secuencia ella ya es cliente antigua de la institución, solicita el crédito para la compra de material de construcción ya que quiere hacer refaccionar y ampliar su local y así poder brindar mayor comodidad a su clientela y de esta manera tambien mejorar y crecer en su negocio y brindar variedad de productos a sus clientes, su razón para solicitar este préstamo es seguir mejorando en su negocio. La Sra. Julia es una persona muy trabajadora se siente feliz por la oportunidad brindada.
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.