The “Ángeles-22” communal bank consists of 8 members; six women and two men. They carry out a variety of activities and the bank president is Rosario, 35. She’s married with two children aged 12 and 8 years.
She works selling second-hand clothes in a stand located in the busy 16 de Julio street market in El Alto. This loan is her second sequence in the institution and she will use it to buy bales of second-hand clothes for her business. Her reason for requesting this loan it the lack of capital.
The business challenge Rosario faces is competition for there are many other people in this same line of work in the zone. She will use profits to continue improving her sales stand. Her wish for her business is to have it well-stocked with merchandise to offer a wide variety of goods to her customers. Rosario is a hardworking woman who feels happy and grateful to the institution for the support provided since this the only activity that makes it possible for her to support herself and her family.
El Banco de Emprendimiento ANGELES – 22 está compuesto por ocho integrantes seis mujeres y dos varones que se dedican a distintas actividades, la presidenta del banco es la Sra. Rosario tiene 35 años, casada con dos hijos de las edades de 12 y 8 años, ella se dedica a la venta de ropa de segunda mano, en su puesto de venta que se encuentran en la populosa feria de la 16 de Julio de la ciudad de El Alto, este préstamo es su primera secuencia dentro de la institución, la Sra. Rosario va a usar este préstamo para la compra de fardos de ropa de segunda mano para su negocio, su razón para solicitar este préstamo es falta de capital, la Sra. Rosario enfrenta retos en su negocio que son la competencia ya que hay muchas personas que se dedican a esta actividad por la zona, va a utilizar los beneficios en seguir mejorando su puesto de venta, su deseo para su negocio tener mercadería surtida para ofrecer variedad de productos a su clientes, la Sra. Rosario es una persona trabajadora, se siente feliz y agradecida con la institución por el apoyo brindado ya que esta es la única actividad que le permite mantenerse y 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.