The BAJO IRPAVI business venture bank is made up of eight members, seven women and one man. The president of the bank is Silvia. She is 50 years old and has eight children, the majority of whom are now independent. She works selling basic essentials in her neighbourhood store that is located in the Bajo Irpavi district (from which the bank takes its name).
This loan is her first cycle with the institution. She is going to use this loan to purchase merchandise to stock her business, such as beverages, candy, cookies, groceries and other products. Her reason for seeking this loan is the high demand that she is experiencing which is causing her to increase her sales so that she needs to restock her merchandise.
Silvia faces challenges in her business, specifically the competition, since there are several stores in the district. She is going to use the earnings to purchase more merchandise to stock her store and continue growing more day by day. Her plans for her business are to continue selling and to have a larger and better stocked store. In this way she can make her business grow, since it is the sole commercial activity that enables her to support her family.
El Banco de emprendimiento BAJO IRPAVI está compuesto por ocho integrantes, siete mujeres y un varón, la presidenta del banco es la Sra. Silvia, tiene 50 años y ocho hijos ya la mayoría independientes, ella se dedica a la venta de productos de primera necesidad en su tienda de barrio que se encuentran en la zona de Bajo Irpavi de ahí el nombre del banco, este préstamo es su primera secuencia dentro de la institución, va a usar este préstamo para la compra de mercadería para surtir su negocio como refrescos, dulces, galletas, abarrotes y otros productos, su razón para solicitar este préstamo es la mucha demanda que tiene y es ahí donde incrementa sus ventas, y necesita surtir su mercadería, la Sra. Silvia enfrenta retos en su negocio que son la competencia ya que existen varias tiendas en la zona, va a utilizar los beneficios en la compra de mas mercadería para surtir su tienda y seguir creciendo más cada día, su deseo para su negocio es de seguir vendiendo y tener una tienda más grande y surtida, así poder hacer crecer su negocio ya que esta es la unica actividad que le permite mantener a su familia.
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.