The communal bank Toborochi comprises eight members, three women and a man. The group's president, Moira, has a four-year-old son. She is a footwear street vendor, who travels to various fairs and markets in the city of Santa Cruz.
This is her first loan cycle with the institution. She will use the funding to buy wholesale footwear so that she can offer her customers more variety and increase her income while seasonal demand is strong. She has applied for a loan to keep growing her business, and Moira will invest her profits in more merchandise. Moira works hard and is pleased with this opportunity, as this business is her only source of income.
El Banco de emprendimiento TOBOROCHI, Está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. Moira, ella tiene un hijo de la edad de cuatro años, ella se dedica a la venta de calzados de manera ambulante, visitando distintas ferias y mercados de la ciudad de Santa Cruz, este préstamo es su primera secuencia dentro de la institución, la Sra. Moira va a utilizar este préstamo para la compra de calzados por mayor y así de esta manera brindar variedad de sus productos a sus clientes e incrementar sus ganancias ya que esta época tiene mucha demanda, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Moira va a utilizar los beneficios para seguir comprando variedad de productos, la Sra. Moira es una persona muy trabajadora se siente feliz por la oportunidad brindada ya que esta es la única fuente de ingresos con la que cuenta.
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.