The communal bank “Abejitas Trabjadoras” is composed of nine members, all of whom are women. The president of the communal bank is Elizabeth. She is 34 years old and married with five children. She makes a living by selling food from her stall in the zone of Villa Ingenio, where she lives. This is her first loan cycle with the institution. Elizabeth will use this loan to wholesale purchase food-making supplies, such as potatoes, rice, and noodles. In this way she will be able to increase her sales and increase her working capital. Her reason for requesting this loan is her lack of capital to purchase supplies. Elizabeth is going to use the money to continue buying supplies in bulk. Elizabeth’s wish is to grow in her business. Elizabeth is a hard-working person. She feels happy and grateful to the institution for the support they are giving her by granting this loan.
El Banco de emprendimiento ABEJITAS TRABAJADORAS está compuesto por nueve integrantes, todas mujeres, la presidenta del banco es la Sra. Elizabeth tiene 34 años casada con cinco hijos, ella se dedica a la venta de comida en su puesto de venta que se encuentra en la zona de Villa Ingenio por donde vive, este préstamo es su primera secuencia dentro de la institución, la Sra. Elizabeth utilizara este préstamo para la compra de insumos para la elaboración de comida como papa, arroz y fideo al por mayor y así de esta manera mejorar sus ventas e incrementar su capital de trabajo su razón para solicitar este préstamo es la falta de capital para la compra de insumos, la Sra. Elizabeth va a utilizar los beneficios para seguir comprando cantidad de insumos, su deseo de la Sra. Elizabeth es crecer en su negocio, 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.