The SAN LUIS entrepreneurial bank is made up of 12 members, nine ladies and three gentlemen. Edith is the bank’s president. She’s 52 years old and has adult children on their own. Edith sells cosmetics through catalogs and makes her sales on foot, visiting homes and public and private offices in Santa Cruz, where she offers her products. This will be her first loan through the institution and Edith will use it to buy cosmetics and jewelry in quantity. It’s currently on sale and in this way she will be able to offer a greater variety of products to her customers and also increase her income. She is asking for this loan so that she can continue improving her business. Edith will use the benefits to continue buying beauty products. She is a very hardworking person and is happy about the opportunities given her and her fellow group members who in some cases must support their families alone.
El banco de emprendimiento SAN LUIS está compuesto por doce integrantes nueve mujeres y tres varones, la presidenta del banco es la Sra. Edith tiene 52 años, y hijos ya independientes, la Sra. Edith 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. Edith 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. Edith va a utilizar los beneficios para seguir comprando variedad de productos de belleza, la Sra. Edith 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.