The Sarantañani Communal Bank is comprised of eight members, all women. Sonia is the bank’s president. She is 27 years old, and married with two children, ages six and ten. She sells basic necessities in her neighborhood store located in the Alpacoma area. This is her first loan cycle with the institution. She is going to use the loan to stock her business with merchandise such as groceries, sweets, and soft drinks. She is requesting this loan because she has high demand and that is where sales increase, so she needs to stock her merchandise. Sonia faces the challenge of competition in her business as there are several stores in the area. She is going to use the funds to purchase more merchandise to stock her store and continue growing more each day. Her desire for her business is to continue making sales and to have a stocked shop. In this way, she will be able to grow her business, improve her income, and therefore, improve the quality of life for herself and her family. She feels grateful for the opportunity offered to her and her group partners
El Banco de emprendimiento SARANTAÑANI, Está compuesto por ocho integrantes todas mujeres la presidenta del banco es La Sra. Sonia tiene 27 años, casada con dos hijos de las edades de 6 y 10 años, ella se dedica a la venta de productos de primera necesidad en su tienda de barrio que se encuentran en la zona de Alpacoma, 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 abarrotes, dulces y refrescos, 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. Sonia 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 surtida, así poder hacer crecer su negocio mejorar sus ingresos y por ende mejorar la calidad de vida de ella y de su familia, se siente agradecida por la oportunidad que le brindan a ella y a sus compañeras de grupo.
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.