The Enterprising Bank, 31-SANTIAGUITO, is made up of eight members; six women and two men. The president of the bank is Elizabeth who is 40 years old and married with a four-year-old son. She sells refreshments and a variety of sweets and cookies in her stall which is located near a school in the area she lives.
This is her first loan with the institution. Elizabeth will use this loan to purchase merchandise such as refreshments, sweets and cookies in quantity and thus increase her working capital. The reason she is requesting this loan is the lack of working capital. Elizabeth is going to use the profits to continue buying drinks and merchandise to continue supplying her business.
Elizabeth's wish is to grow her business; having a stocked stall and also to be able to sell food. Elizabeth is a hardworking person. She is happy and grateful to the institution for its support in providing her with this loan.
El Banco de emprendimiento 31-SANTIAGUITO está compuesto por ocho integrantes, seis mujeres y dos varones, la presidenta del banco es la Sra. Elizabeth tiene 40 años casada con hijo de cuatro años, ella se dedica a la venta de refrescos y variedad de dulces, galletas en su puesto de venta que se encuentra cerca a una escuela de la zona por donde vive, este préstamo es su primera secuencia dentro de la institución, la Sra. Elizabeth utilizara este préstamo para la compra de mercadería como refrescos, dulces y galletas por cantidad y así de esta manera incrementar su capital de trabajo su razón para solicitar este préstamo es la falta de capital de trabajo, la Sra. Elizabeth va a utilizar los beneficios para seguir comprando cantidad de bebidas y mercadería para seguir surtiendo su negocio, su deseo de la Sra. Elizabeth es crecer en su negocio tener un puesto surtido y también poder vender comida, la Sra. Elizabeth es una persona trabajadora se siente feliz y agradecida con la institución por el apoyo que le brindan en la otorgación del crédito.
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.