The "Farolitos" communal bank is comprised of eight members, all of whom are women. The communal bank president is Carmen. She's 34 years old and has four school age children. Carmen has been selling accessories and spare parts for vehicles for quite some time. She owns an accessory store which is located in the Villa Adela area of the town of El Alto. This spot attracts a great number of drivers who wish to upkeep their vehicles. This is her first loan with the institution. Carmen will use this loan to purchase spare parts in order to stock her store, and that way she'll provide better service for her customers and increase her profits. Carmen will use her earnings to continue buying accessories and spare parts for vehicles. Carmen is a very hard-working person. She feels happy for the opportunity that she and her fellow group members have received, since in some cases they support their families all by themselves.
El Banco de emprendimiento FAROLITOS está compuesto por ocho integrantes todas mujeres, la presidenta del banco es la Sra. Carmen tiene 34 años y 4 hijos que se encuentran en edad escolar, la Sra. Carmen tiene la actividad de venta de accesorios y piezas de repuesto para movilidad desde hace ya bastante tiempo tiene su tienda de accesorios que se encuentra en la zona de Villa Adela de la ciudad de el Alto, en este lugar es muy concurrido por choferes que realizan el mantenimiento de sus vehículos, este préstamo es su primera secuencia dentro de la institución, la Sra. Carmen va a usar este préstamo para la compra de repuestos para surtir su tienda y así de esta manera brindar un mejor servicio a sus clientes e incrementar sus ganancias, la Sra. Carmen va a utilizar los beneficios para seguir comprando accesorios y repuestos para su movilidad, la Sra. Carmen 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.