The “Punte Killman-32” communal bank has 8 members; seven women and one man. The bank president is Martha, 40. She has seven children and has a car wash business at one of the bridges in the city of Cochabamba where cars are washed. This loan is her first sequence in the institution and Martha will use the loan to buy equipment and supplies like buckets, a vacuum cleaner and rags to dry the cars that she needs for her car wash business. Her reason for requesting this loan is to be able to buy supplies at wholesale. The business challenge Martha faces is competition because there are many people who wash cars near the bridges and she will use profits to improve her quality of life. He wish for her business is to have more car wash stands. Martha feels happy and grateful to the institution for the support provided by granting the loan since this is the only activity she has that makes it possible for her to support herself and her family.
El Banco de emprendimiento PUNTE KILLMAN – 32 está compuesto por ocho integrantes siete mujeres y un varon, la presidenta del banco es la Sra. Martha tiene 40 años con 7 hijos, ella se dedica al servicio del lavadora de autos que se encuentran en uno de los puentes donde lavan autos de la ciudad de Cochabamba, este préstamo es su primera secuencia dentro de la institución, la Sra. Martha va a usar este préstamo para compra de instrumento y materiales como valdes aspiradora y tela para el secaco de autos que le hacen falta para su negocio del lavado de autos, su razón para solicitar este préstamo es compra de material de trabajo al mayor, la Sra. Martha enfrenta retos en su negocio que son competencia ya que hay muchas personas que lavan autos por los puentes y va a utilizar los beneficios para mejorar su calidad de vida y su deseo para su negocio es tener más puestos de lavados de autos, la Sra. Martha se siente feliz y agradecido con la institución por el apoyo brindado en la otorgación del crédito ya que esta es la única actividad que le permite mantenerse y mantener a su familia.
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.