The “Luna Lunita” (Moon Little Moon) communal bank consists of 13 members, ten women and three men. The bank president is Santos who is 57-years-old and has six children who are all adults now. His economic activity is selling seasonal fruit, an activity he’s been in for 20 years.
The loan is earmarked for the purchase of seasonal fruit at wholesale for his stand. Santos is a hardworking man since this is his only source of income. He feels grateful to the institution for the support provided.
His sales stand is in the Bolívar zone in one of the zone’s markets. Santos’ wish is to have a store where he can offer a variety of products while increasing his clientele to generate higher income. He feels happy and grateful with the institution for the support provided.
El Banco de emprendimiento LUNA LUNITA, Está compuesto por trece integrantes Diez mujeres y tres varones, el presidente del banco es el Sr. Santos tiene 57 años y seis hijos que ya son mayores de edad, su actividad económica es venta frutas según a la temporada, el se dedica a esta actividad hace 20 años, el destino del crédito es para la compra fruta de la temporada por mayor para surtir su puesto de venta, el Sr. Santos es una persona trabajadora, ya que esta es única fuente de ingresos, se siente agradecido con la institución por el apoyo que se le ha brindado, el tiene su puesto de venta en la zona de Bolívar en uno de los mercados de la zona, el deseo de el Sr. Santos es tener una tienda donde pueda ofrecer variedad de productos como también incrementar su clientela para generar mayores ingresos económicos, se siente feliz y agradecido con la institucion 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.