The communal bank group "EXITOSAS" is composed of 9 members, all women. The President of this group is Hortensia, who has three children ages 7, 5 and 3 years of age. Hortensia works selling food, but does not have a fixed stand from which she sells. She delivers her food to different posts in the market, where others help her sell directly to consumers.
Hortensia is a very hardworking person, who through much dedication has been improving her stability and solvency. Additionally, the popularity of her food has been growing and she is now very well known and liked by her clients. With the money that she makes she will continue to grow her business, always investing in order to improve the well-being of her family. Hortensia's dream is to have her own fixed market stand one day, which would enable her to grow her business and improve her earnings.
El banco de emprendimiento EXISTOSAS está compuesto por nueve integrantes, todas mujeres, la presidenta del banco es la Sra. Hortensia tiene tres hijos de las edades de, 7, 5 y tres años, ella se dedica a la venta de comida, ella no tiene un puesto fijo, ya que entrega sus almuerzos a distintos puestos del mercado donde ella vende, la Sra. Hortensia es una persona muy trabajadora que con dedicación poco a poco va adquiriendo estabilidad y solvencia y también popularidad por que es muy conocida por sus clientes ya que la Sra. Hortensia les atiende muy amablemente, con el dinero del crédito comprara insumos para la elaboración de sus comidas como abarrotes y aceite por mayor, la cliente cuenta que con mucho esfuerzo se puede crecer más y así seguir haciéndose de patrimonio para el bienestar de su familia y también personal, el deseo de la Sra. Hortensia es poder tener un puesto fijo ya que esto le haría crecer más en su negocio y por ende mejorar sus ingresos economicos.
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.