The entrepreneur bank called LOS VECINOS is comprised of nine members, all women. The president of the group is Margoth, 21, who lives with her common-law husband. She makes and sells bread for a living. She has been running a bakery for two years in the town of Cabezas. This is her second loan through the institution and the previous loan was used for her business.
Margoth will use the loan to buy ingredients such as flour, yeast and shortening to make bread. She plans to buy the goods wholesale, making them cheaper. The challenges Margoth is up against are: increasing her customer base and generating more income. She will use the profit to improve her family's quality of life.
El Banco de emprendimiento LOS VECINOS está compuesto por nueve integrantes, todas mujeres, la presidenta del banco es La Sra. Margoth tiene 21 años, no es casada pero convive con su pareja, ella se dedica a la elaboración y venta de pan, ella es Panadera desde hace 2 años, su panadería se encuentra en la localidad de Cabezas este préstamo es su segunda secuencia dentro de la institución el anterior crédito lo utilizo para su negocio, La Sra. Margoth utilizara este préstamo para la compra de insumos como harina, levadura y manteca para la elaboración de pan su razón para solicitar este préstamo es compra de insumos por mayor ya que es más barato comprar por cantidad, La Sra. Margoth enfrenta retos en su negocio que son tener más clientela y así de esta manera generar más ingresos y va a utilizar los beneficios en brindar una mejor calidad de vida 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.