The Destacadas village bank has eight members, seven women and one man. The president of the group is América, who in the photo is wearing a red sweatshirt and jeans. She is 24 years old and has a 9-year-old son. She sells cosmetics by catalog and promotes beauty products. She sells door to door, visiting homes, public and private organizations, and different neighborhoods with her products. This is her first loan cycle with the institution. América will use this loan to buy cosmetics on sale so she can stock her business. She is requesting the loan to have a variety of products to meet her customers’ needs. América faces challenges in her business, such as serving her customers efficiently, and she will use her profits to improve her family’s quality of life, since this is her only source of income and the only way she can support herself.
El Banco de emprendimiento DESTACADAS está compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco es la Sra. América en la foto es la de la polera roja y pantalón jean, tiene 24 años, un hijo de la edad de 9 años, ella se dedica a la venta de cosméticos por catalogo, es promotora de productos de belleza ella vende de manera ambulante visitando instituciones públicas y privadas, barrios distintos domicilios ofreciendo sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. América va a usar este préstamo para comprar cosméticos que se encuentran en promoción para tener en stock para su negocio, su razón para solicitar este préstamo es tener variedad de productos para satisfacer a sus clientes, la Sra. América enfrenta retos en su negocio que son atender con eficiencia a sus clientes y va a utilizar los beneficios para mejorar su calidad de vida de su familia ya que esta es la única actividad que le permite mantenerse y salir adelante sola.
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.