The communal bank Gaviotas del Sur [Seagulls of the South] is made up of eight members, all women. The president of this group is Shirley. She is thirty-seven years old and has two children, ages 5 and 12. Shirley makes a living in selling cosmetics through a catalog. She sells her products door to door, visiting homes and public and private offices in the city of Santa Cruz, where she offers her products.
This loan is her first sequence within the institution. Shirley is going to use this loan to purchase cosmetics and jewelry wholesale; there is a current promotion. In this way, she will offer a variety of products to her customers and increase her profits. Her reason for requesting this loan is to continue improving her business; Shirley will use the benefits to continue buying a variety of beauty products.
Shirley is a very hardworking person. She feels happy for the opportunity offered to her and her group members, since in some cases, they are the only ones that maintain their families.
El banco de emprendimiento Gaviotas del Sur tiene está compuesto por ocho integrantes todas mujeres, la presidenta del banco es la Sra. Shirley tiene 37 años, y dos hijos que son de las edades de 5 y 12 años, la Sra. Shirley 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. Shirley 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. Shirley va a utilizar los beneficios para seguir comprando variedad de productos de belleza, la Sra. Shirley 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.