The entrepreneurs' bank of 7 Palmeras is formed of nine members: eight women and one man. The president of the bank is Dadny. In the photo, she is in the center with the striped light and dark blue polo shirt. She is 31 years old. She has one little boy who is nine years old and is of school age. Dadny makes and sells breakfasts. She sells coffee and empanadas on the street in the area where she lives. This is her first loan cycle with this institution. She will use the loan to purchase flour for making empanadas as well as to purchase wholesale ingredients for making the breakfasts, such as sugar and flour, coffee, and certain sauces. She is happy and grateful to the institution for the support provided because this is the only work that allows her to support her family.
El Banco de emprendimiento 7 PALMERAS Está compuesto por nueve integrantes ocho mujeres y un varon, la presidenta del banco es la Sra. Dadny en la foto (la del centro con polera a rayas celeste y azul) tiene 31 años, tiene un hijito d ela edad de 9 años que se encuentra en edad escolar, La Sra. Dadny se dedica a la elaboración y venta de desayunos ella vende café y empanadas de manera ambulante por la zona donde ella vive, esta es su primera secuencia dentro de la institución, utilizara el crédito en la compra de harina para la elaboración de empanadas, y también para la compra de insumos para la elaboración de desayunos como azúcar y harina, café y distintos mates por mayor, se siente feliz y agradecida con la institución por el apoyo brindado ya que esta es la única 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.