The MANANTIAL * 26 communal bank is made up of eight members, six women and two men. The president of the bank is Celestina. She is 56 years old. and has six children. In the photo, she is seated on the left. She is an older person who works selling candies and snacks in her sales locale in the Villa Dolores area of the city of El Alto. This loan is her first cycle in the institution. She is going to use this loan to buy construction material to build some rooms in her house. The reason she is asking for this loan is that she wants her family to be comfortable, since her children are growing and they need their space. Celestina faces challenges in her business such as the competition, since there are several stores in the area that sell the same products that she does. She wants to keep selling for her business and in the long term have a well stocked store. She is happy and grateful to the institution for the support it has given to her and the other members of the group.
El Banco de emprendimiento MANANTIAL * 26 está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Celestina tiene 56 años, y seis hijos, en la foto es la que esta sentada a la izquierda, pa persona mayor, ella se dedica a la venta de dulces y golosinas en su puesto de venta que se encuentra en la zona de Villa Dolores de la ciudad de El Alto, este préstamo es su primera secuencia dentro de la institución, va a usar este préstamo para la compra de material de construcción para la construcción de algunos cuartos en su vivienda su razón para solicitar este préstamo es que quiere brindar comodidad a su familia ya que sus hijos están creciendo y necesitan su espacio, La Sra. celestina enfrenta retos en su negocio que son la competencia ya que existen varias tiendas en la zona que venden los mismos productos que ella, su deseo para su negocio es de seguir vendiendo y tener a la larga una tienda surtida, se siente feliz y agradecida con la institución por el apoyo brindado a ella y a sus compañeras de grupo.
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.