The enterprise bank Celeste 26 is comprised of 8 members, 6 women and 2 men. The president of the bank is 42 year old Teresa who has 2 children who are 18 and 20 years old. Her business is selling chinaware and cooking utensils. She sells from her stall in the busy market called "16th of July". Teresa gets up in the early hours of the morning to go out and sell her wares. She will use the money from the loan to buy chinaware wholesale in crates to supply her stall. Teresa is a responsible and hardworking person and she is grateful to the institution for the economic support that it has offered her to have a better quality of life and to continue being successful for the wellbeing of her family.
El Banco de emprendimiento CELESTE * 26, Está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Teresa tiene 42 años y dos hijos de las edades 18 y 20 años, su actividad es la venta de vajillas y utensilios de cocina, en su puesto de venta que se encuentra en populosa feria de la 16 de Julio la Sra. Teresa se levanta desde tempranas horas de la mañana para salir a vender, con el dinero del crédito la Sra. Teresa comprara mercadería por mayor vajillas en cajas para surtir su puesto de venta , la Sra. Teresa es una persona responsable y trabajadora esta agradecida con la institución por el apoyo económico que le brinda para tener una mejor calidad de vida y seguir adelante superándose por el bienestar 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.