The bank PIO XII is made up of eight members: seven women and one man. The president of the bank is Mrs. Martha, who is 68 years old, married and has three children who are grown and independent. She makes a living selling a variety of basic necessities like groceries and a variety of items she sells as a street vendor. She already has customers that put in requests and this is her second loan in a sequence with this institution. Mrs. Martha will use this loan to purchase a variety of groceries like rice, sugar and beans in bulk in order to stock her business and to be able to offer a wider variety of items to her customers. Her reason for asking for this loan is to continue improving her business. Mrs. Martha will use the loan to continue purchasing products and improving her earnings as she has a lot of demand in this season. Her hope is to have her own store and to be able to provide a better service to her clients. Mrs. Martha is happy for the opportunity given her since this is the only economic activity that allows her to continue to support herself. Mrs. Martha is happy and grateful that this institution has given her so much support as well as for the support given to her partners.
El banco de emprendimiento PIO XII está compuesto por ocho integrantes siete mujeres y un varones, la presidenta del banco es La Sra. Martha tiene 68 años, casada con tres hijos que ya son independientes, ella se dedica a la venta de variedad de artículos de primera necesidad como abarrotes y variedad de artículos ofreciendo sus productos de manera ambulante, ya tiene clientes que le hacen pedidos, este préstamo es su primera secuencia dentro de la institución, La Sra. Martha va a usar este préstamo para la compra variedad de abarrotes como arroz, azúcar y fideo por mayor para surtir su negocio y de esta manera brindar variedad de productos a sus clientes, su razón para solicitar este préstamo es seguir mejorando en su negocio, La Sra. Martha va a utilizar los beneficios para seguir comprando productos y así mejorando sus ingresos, ya que esta época es de mucha demanda, su deseo para su negocio es tener un almacén y así brindar un mejor servicio a su clientela, La Sra. Martha se siente feliz por la oportunidad brindada ya que esta es la única actividad que le permite mantenerse, La Sra. Martha se siente feliz y agradecida con la institución por el apoyo brindado a ella y a sus compañeras.
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.