Emprendedoras Valientes Communal Bank is made up of eight members, six women and two men who work in various jobs.
The president of the bank is Verónica, 34. She's single and has two children, ages 17 and 7. She makes a living selling chicken in her sales stall in one of the markets in the town of El Torno.
This is Verónica's first loan sequence with the institution. She's going to use this loan to buy a freezer she needs to store her chicken. Her reason for requesting this loan is she lacks the capital to buy the freezer.
In her business Verónica faces the challenge of expanding her clientele. She's going to use the profits to improve her family's quality of life.
El Banco de Emprendimiento EMPRENDEDORAS VALIENTES está compuesto por ocho integrantes de los cuales seis son mujeres y dos varones que se dedican a distintas actividades, la presidenta del banco es la Sra. Verónica tiene 34 años y es soltera con 2 hijos que tiene la edades de 17 y 7 años, ella se dedica a la venta de pollos en su puesto de venta se encuentran en uno de los mercados de la localidad de El Torno. Este préstamo es su primera secuencia dentro de la institución la Sra. Verónica va a usar este préstamo para la compra de un Frízer que le hace falta para conservar la carne de pollo, su razón para solicitar este préstamo es la falta de capital para la compra frizer, la Sra. Verónica enfrenta retos en su negocio que son crecer en clientela y va a utilizar los beneficios mejorar la calidad de vida de su familia.
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.