The GUAPURU 2012 communal bank is made up of ten members, eight ladies and two gentlemen who have different businesses. Carmen serves and the group’s president and is the first one to the left of the photograph, wearing a white top. She is 39 years old, married, and has three children ages 4 and 7. She has been making empanadas for some time. She is asking for this loan so she can buy supplies. Carmen is a responsible client who has been working with us for some time. She will use these benefits to improve her and her family’s quality of life. She wants to expand her business so that she can generate more earnings as this is her only source of income to support herself and her family. Carmen is grateful to the institution for the support.
El Banco de Emprendimiento GUAPURU 2012está compuesto por diez integrantes ocho mujeres y dos varones que se dedican a distintas actividades, la presidenta del banco es la Sra. Carmen en la foto es la primera de la izquierda que esta con polera blanca tiene 39 años, casada con tres hijos de las edades de 4 y 7 años, ella se dedica a la elaboración y venta de empanadas, desde hace ya bastante tiempo en esta ocasión solicita el crédito para la compra de insumos para la elaboración de empanadas , la Sra. Carmen es una cliente responsable quien trabaja con nosotros desde hace tiempo, la Sra. Carmen va a utilizar los beneficios para mejorar su calidad de vida y la de su familia, su deseo 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, la Sra. Carmen se siente feliz y agradecida con la institución 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.