The communal bank 4 De Marzo (4th of March) is made up of 8 members, all of whom are women. The president of the communal bank is Ruth; she is 43 years old, married, and has one child who is 14 years old.
She earns her living selling food and selling patasca mote de maíz cocido (a nutritious beef and lamb stew with corn). She sells these items in El Torno.
This loan is her first with the institution. Ruth will use this loan to buy dry corn in bulk so she can cook and sell it. This way she will increase her earnings at work.
She is requesting the loan because she does not have enough money from her job since the price of dry corn has increased in the past few years. She wants to stock up on it so she does not hold up her product.
Ruth faces challenges at her business like gaining more customers. She is also going to use the earnings to improve her children's lives.
El Banco de emprendimiento 4 DE MARZO está compuesto por ocho integrantes, todas mujeres, la presidenta del banco es la Sra. Ruth tiene 43 años y es casada con 1 hijos que tiene la edad de 14 años, ella se dedica a la venta de alimentos a la venta de patasca mote de maíz cocido ella vende en la localidad de El Torno, este préstamo es su primera secuencia dentro de la institución, la Sra. Ruth va a usar este préstamo para la compra de maíz seco por mayor para hacer coser y poner a la venta y así de esta manera incrementar su capital de trabajo, su razón para solicitar este préstamo es que no cuenta con capital de trabajo ya que esta época sube de precio el maíz seco y ella quiere almacenar para no sufrir de su producto, la Sra. Ruth enfrenta retos en su negocio que son el tener más clientela y va a utilizar los beneficios en dar 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.