The DESTACADAS communal bank is made up of eight members, seven women and one man. The bank president is Ana. In the photo she is the one standing in the middle with a flowered blouse. She sells empanadas in the morning and in the afternoon she is a kitchen assistant. Ana is a very hardworking person who with dedication has little by little acquired stability, solvency and popularity. She is very well known by her customers. She is a very hardworking person, since she has two activities. With the money for the loan, she will buy ingredients to make empanadas, such as flour and oil. She is happy and grateful to the institution for the support it has given her and the other members of the group, because they are people who work very hard to get ahead.
El banco de emprendimiento DESTACADAS está compuesto por ocho integrantes, siete mujeres y un varón, la presidenta del banco es la Sra. Ana en la foto la del centro parada de blusa floreada) , ella se dedica a la venta de empanadas por las mañanas y en las tardes es ayudante de cocina, la Sra. Ana 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 ella es una persona muy trabajadora ya que se dedica a dos actividades con el dinero del crédito comprara insumos para la elaboración de sus empanadas como harina y aceite, se siente feliz y agradecida con la institución por el apoyo brindado a ella y a sus compañeras de grupo ya que son personas que trabajan mucho para salir adelante.
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.