Luisa, who is 23 and the mother of three children of 2, 4 and 6, sells various soft drinks, and occasionally food, from her stall in the Cota Cota district of La Paz. This will be her first loan cycle with the institution and she plans to use it to buy various supplies for making soft drinks (sugar, natural fruit and fruit essences etc.), and to offer a variety of goods to her customers. She is applying for the loan because she lacks cash to buy the supplies she needs. Luisa intends to use the profits to continue to expand her business and, consequently, boost her income. Her ambition, as far as her business is concerned, is to open a restaurant so that she can serve her customers better. Luisa is a very hardworking person who is delighted to have been provided with this opportunity, because this business is her sole means of supporting herself.
La Sra. Luisa, tiene 23 años y tiene tres hijos que son de las edades de 2, 4 y 6 años, se dedica a la venta de variedad de refrescos y también algunas veces comida, tiene su puesto de venta que se encuentra en la zona de Cota Cota, este préstamo es su primera secuencia dentro de la institución, la Sra. Luisa va a usar este préstamo para la compra variedad de insumos para la elaboración de sus refrescos como azúcar frutas naturales, esencias, etc. y de esta manera brindar variedad de productos a sus clientes, su razón para solicitar es la falta de efectivo para realizar los insumos necesarios, la Sra. Luisa va a utilizar los beneficios para seguir mejorando su negocio y así mejorando sus ingresos, su deseo para su negocio es tener un restaurante y así brindar un mejor servicio a su clientela. La Sra. Luisa es una persona muy trabajadora se siente feliz por la oportunidad brindada ya que esta es la única actividad que le permite mantenerse.
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.