The communal bank LOS AMIGOS is comprised of nine members: seven women and two men. The president of the group is Bertha, 31, who has two children, ages one and two years old. Bertha sells cosmetics by catalogue on a door-to-door basis to homes and public and private offices in the city of Santa Cruz. This loan is her first through the institution and Bertha will use it to buy discount cosmetics and jewelry wholesale. This way she will be able to provide her clientele with a variety of products so she can increase her income.
The reason she is requesting the loan is to improve her business. Bertha will use the profits to continue buying beauty products. She is a very hard-working person who is happy about this opportunity given to her and her group of entrepreneurs, because in some cases they maintain their families on their own.
El Banco de emprendimiento LOS AMIGOS está compuesto por nueve integrantes siete mujeres y dos varones, la presidenta del banco es la Sra. Bertha tiene 31 años, y dos hijos que tienen las edades de uno y dos años, La Sra. Bertha se dedica a la venta de cosméticos por catalogo, ella vende sus productos de manera ambulante, visitando domicilios y oficinas públicas y privadas de la ciudad Santa Cruz, donde ofrece sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Bertha va a utilizar este préstamo para la compra de cosmético y joyas por mayor y que se encuentran en promoción y de esta manera brindar variedad de productos a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Bertha va a utilizar los beneficios para seguir comprando variedad de productos de belleza, la Sra. Bertha 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.