The LA GOTA * 26 communal bank is made up of eight members, all of them women. The president of the bank is Maria. She is 33 and has 4 children, aged 2, 4, 7 and 12. All of them are school aged. She makes and sells macrame items for home decor. She does all the work and has her workshop in the Achachicala area. This loan is her first cycle in the institution. Maria is going to use this loan to buy construction materials to do home repair. Her reason for asking for the loan is to continue improving her home. Maria is going to use her profits to keep buying materials and thus improve her income. She wants her business to have a big artisanal crafts store and thus offer a better service to her customers. Maria is a very hardworking person who is happy with this opportunity being offered.
El Banco de emprendimiento LA GOTA * 26, Está compuesto por ocho integrantes todas mujeres la presidenta del banco es la Sra. Maria tiene 33 años y 4 hijos de las edades de 2, 4, 7 y 12 años, todos se encuentran en edad escolar, se dedica a la venta y fabricación de artesanías de macramé para decoración del hogar, todo el trabajo lo realiza de manera, ella tiene su taller que se encuentra en la zona de Achachicala, este préstamo es su primera secuencia dentro de la institución, la Sra. Maria va a usar este préstamo para la compra materiales de construcción para refacción de su vivienda, su razón para solicitar este préstamo es seguir mejorando su casa, la Sra. Maria va a utilizar los beneficios para seguir comprando materiales y así mejorando sus ingresos, su deseo para su negocio es tener una tienda de artesanía grande y así brindar un mejor servicio a su clientela, la Sra. Maria es una persona muy trabajadora se siente feliz por la oportunidad brindada.
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.