Las Soñadoras communal bank is made up 11 members, eight women and three men. Ritha, 49, is the president of the bank. She has two children, ages 15 and 17. Ritha works making and selling artisan handicrafts in her kiosk, located in the same town where she lives. This is her first loan from the institution. Ritha will use this loan to buy materials to make her crafts. Her reason for asking for this loan is to improve her business. Ritha will use her earnings to continue buying materials and increase her income. Her hope for her business is to have a large artisan store and this way be able to provide her customers with greater service. Ritha is a very hard-working person. She is glad for the opportunity that has been given to her and her fellow group members because in some cases they are supporting their families on their own.
El Banco de emprendimiento LAS SOÑADORAS , Está compuesto por once integrantes ocho mujeres y tres varones, la presidenta del banco es la Sra. Ritha tiene 49 años dos hijos de las edades de 15 y 17 años, La Sra. Ritha se dedica a la venta y fabricación de artesanías en su puesto de venta que se encuentra en la misma localidad donde vive, este préstamo es su primera secuencia dentro de la institución, la Sra. Ritha va a usar este préstamo para la compra materiales para la fabricación de sus artesanías, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Ritha va a utilizar los beneficios para seguir comprando materiales y así mejorando sus ingresos, su deseo para su negocio es tener una tienda de artesanía grande y así brindar un mejor servicio a su clientela, la Sra. Ritha es una persona muy trabajadora se siente feliz por la oportunidad brindada a ella ya sus compañeras de grupo ya que en algunos casos mantienen solas a sus familias.
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.