The Enterprising bank LOS INTACHABLES is comprised of eight members all women, who work in different activities. The president of the bank is Francisca, she is 40 years old, married with three children ages 13, 16 and 19. She sells seasonal fruit and has been doing this work for a long time.
At this time she is requesting a loan to purchase seasonal fruits. Francisca is a responsible client who is an old client of Kiva partner EMPRENDER. Francisca faces challenges in her business which is getting out of poverty and she is going to use the profits to improve the quality of life for herself and her family.
Her dream for her business is to grow it and thus generate more income since this is the only activity that allows her to support her and her family. She is happy and grateful for the support from EMPRENDER and Kiva.
El Banco de Emprendimiento LOS INTACHABLES está compuesta por ocho integrantes todas mujeres, que se dedican a distintas actividades, la presidenta del banco es la Sra. Francisca, tiene 40 años, casada con tres hijos de las edades de 13, 16 y 19 años, ella se dedica a la venta de frutas de temporada, desde hace ya bastante tiempo en esta ocasión solicita el crédito para la compra de frutas según la temporada, la Sra. Francisca es una cliente responsable ya que es un acliente antigua de la institucion, la Sra. Francisca enfrenta retos en su negocio que son salir de la pobreza y va a utilizar los beneficios para mejorar su calidad de vida y la de su familia su sueño para su negocio es crecer en su negocio para así generar más ingresos ya que este es la única actividad que le permite mantenerse y mantener a su familia, se siente feliz y agradecida con la institucion por el apoyo brindado.
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.