The communal bank, Pepitas de Cobre ***, consists of eight members - six women and two men. Blanca is the bank's president. She is 62 years old and is married with two grown children. She makes and sells a variety of baked goods such as pastries and various kinds of cakes. Her bakery is located in the Primero de Mayo zone in the city of El Alto. This loan is her first cycle with the institution, and Blanca will use the loan to buy an industrial oven with increased capacity. She wants to increase her output and satisfy the demand of her clients. With this loan Blanca will improve her earnings. She is a person with a strong desire to get ahead. She feels happy and grateful to the institution for the support it has provided as this is the only means she has to provide for herself.
El Banco de emprendimiento PEPITAS DE COBRE ***, Está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Blanca, ella tiene 62 años, casada con dos hijos que son mayores d edad, ella se dedica a la elaboración y venta de variedad de repostería como pasteles y variedad de queques , su panadería que se encuentra ubicado en la zona primero de Mayo de la ciudad de El Alto, este préstamo es su primera secuencia dentro de la institución, La Sra. Blanca va a usar este préstamo para la compra de un horno industrial de mayor capacidad ya quiere incrementar su producción y así satisfacer la demandada de sus clientes, La Sra. blanca con este crédito mejorara sus ganancias, La Sra. Blanca es una persona con ganas de superación se siente feliz y agradecida con la institución por el apoyo brindado ya que esta es la única actividad que le permite mantenerse.
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.