The “Mantillitas” communal bank consists of four members, three women and one man. The group coordinator is José, 29. He works making articles of clothing and for the last few years has been making backpacks and tote bags. His workshop is located at home which is in the Bautista neighborhood.
This loan is his first sequence in the institution and José will use the loan to buy fabric to make the backpacks at wholesale. His reason for requesting this loan is to increase investment capital because he delivers his finished products to various street markets in the cities of El Alto and La Paz.
The business challenge José faces is to increase income and he will be using profits to buy sewing supplies to make good quality clothes in order to secure more customer orders. José is a very hardworking person who feels happy and grateful to the institution for the support provided.
El grupo solidario MANTILLITAS está compuesto por cuatro integrantes tres mujeres y un varón, el coordinador del grupo es el Sr. Jose tiene 29 años, el se dedica a la confección de prendas de vestir desde hace ya varios años el confecciona mochilas y bolsones, su taller se encuentra en su mismo domicilio que es en la en la zona de la Bautista, este préstamo es su primera secuencia dentro de la institución, el Sr. Jose va a utilizar este préstamo para la compra de telas para la confección de sus mochilas por mayor, su razón para solicitar este préstamo es para incremento de capital de inversión ya que el entrega el producto terminado a distintas ferias de la ciudad de El Alto y de la Paz, el Sr. Jose enfrenta retos en su negocio que son aumentar sus ingresos y va a utilizar los beneficios invirtiendo en la compra de materiales para la confección de prendas de buena calidad y así tener más pedidos de clientes , el Sr. Jose es una persona muy trabajadora se siente feliz y agradecido con la institución por el apoyo brindado.
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.