The communal bank Jardin consists of nine members, eight women and one man, and its chairperson is Verónica. She can be seen in the photo wearing pink sweatpants and holding a little girl. She is 32 years old and has two children. She works selling food in her food stall located in the Palmar neighborhood in the city of Santa Cruz.
This is her first loan with this communal bank, which Verónica will use to buy inputs for food elaboration, such as potatoes, rice, and noodles in bulk. In this way she hopes to improve her sales and increase her working capital. The reason why she requests this loan is that she does not have the capital for buying inputs. Verónica will use this benefit to continue buying inputs in bulk. Her wish is for her business to grow, she is a hard-working person who is happy and grateful to the institution for the support it offers her by giving her this loan.
El Banco de emprendimiento JARDIN está compuesto por nueve integrantes, ocho mujeres y un varón, la presidenta del banco es la Sra. Verónica en la foto la de buzo rosado sosteniendo a una niña tiene 32 años dos hijos, ella se dedica a la venta de comida en su puesto de venta que se encuentra en la zona del Palmar de la ciudad de Santa Cruz, este préstamo es su primera secuencia dentro de la institución, Sra. Verónica 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, Sra. Verónica va a utilizar los beneficios para seguir comprando cantidad de insumos, su deseo de Sra. Verónica 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.