The business bank Lomas del Sur is made up of eight members, all women. The president of the bank is Flora. She has two children. She makes a living producing and selling handcrafted chocolates.
She is going to use the loan to invest in the purchase of cocoa and sugar wholesale. Her reason for applying for this loan is the lack of capital. Flora is facing challenges in her business. The price of her primary materials has increased lately. For this reason, she is requesting the loan since she wants to stock up on these products. During this time period her sales also increase and she is going to use the benefits to continue buying products for her business.
Flora is a very hardworking woman. She is happy and grateful to the institution for the support provided.
El Banco de emprendimiento LOMAS DEL SUR está compuesto por ocho integrantes, todas mujeres, la presidenta del banco es La Sra. Flora tiene dos hijos , ella se dedica a la va elaboración y venta de chocolates artesanales, va a usar este préstamo para Invertir en la compra de cacao por mayor y azúcar, su razón para solicitar este préstamo es la falta de capital, la Sra. Flora enfrenta retos en su negocio ya por estas fechas los precios de sus materia prima incrementan, por este motivo solicita el crédito ya que quiere abastecerse de estos productos ya que esta época también i incrementa sus ventas y va a utilizar los beneficios en seguir comprando productos para su negocio la Sra. flora es una persona muy trabajadora se siente feliz y agradecida con la institución por el apoyo brindado.
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.