The AÑORANZA communal bank is made up of nine members, eight women and one man. The president of the bank is Julia. She is 28 years old. She has two children, aged 10 and 8. She makes and sells bread and has been a bread baker for more than 8 years. Her bakery is located in the community of Zanja Honda. This loan is her second cycle in the institution. She used the previous loan for her business. Julia will use this loan to buy ingredients such as flour, yeast and lard to make the bread. Her reason for asking for this loan is to buy the ingredients wholesale, since it is cheaper to buy in large quantities. Julia faces challenges in her business, such as getting more customers and in this way generating more income. She is going to use the profits to offer a better quality of life for her family. Julia feels happy and grateful with the institution for the support it has offered to her and to all of the other members of the group, because they are people who work very hard to get their families ahead.
El Banco de emprendimiento AÑORANZA está compuesto por nueve integrantes, ocho mujeres y un varón, la presidenta del banco es la Sra. Julia tiene 28 años, tiene dos hijos que son de las edades de 10 y 8 años, ella se dedica a la elaboración y venta de pan, ella es Panadera desde hace 8 años, su panadería se encuentra en la localidad de Zanja Honda este préstamo es su segunda secuencia dentro de la institución el anterior crédito lo utilizo para su negocio, la Sra. Julia 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. Julia 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, la Sra. Julia se siente feliz y agradecida con la institución por el apoyo brindado a ella y a todas sus compañeras de grupo ya que son personas que trabajan duro para sacar adelante 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.