The “Beijing” communal bank consists of 8 members, six women and two men. The bank’s president is Lilian, 26, who is married with two children. She works selling food in her sales stand located at home in the Cala Cala zone. This loan is her first sequence in the institution and Lilian will use it to buy ingredients like potatoes, rice and noodles at wholesale to prepare the food so sales and her working capital will increase. Her reason for requesting the loan is her lack of capital to buy the supplies. Lilian will use profits to continue buying amounts of supplies. Her wish is to make the business grow. She’s a hardworking woman who feels happy and grateful to the institution for the support they provide by granting the loan.
El Banco de emprendimiento BEIJING está compuesto por ocho integrantes, seis mujeres y dos varones, , la presidenta del banco es la Sra. Lilian tiene 26 años casada con dos hijos, ella se dedica a la venta de comida en su puesto de venta que se encuentra en su mismo domicilio que es por la zona de Cala Cala, este préstamo es su primera secuencia dentro de la institución, la Sra. Lilian 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. Lilian va a utilizar los beneficios para seguir comprando cantidad de insumos, su deseo de la Sra. Lilian es crecer en su negocio, 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.