The Retamas Communal Bank is composed of 9 members, 6 women and 3 men. The president of the bank is Josefina who is 45 years old and has 2 children. She sells meat in her butcher ship, located in the zone of Tembladerani.
This loan will be her 1st within the institution. Josefina will use the loan to buy a large freezer for conserving her products in good condition. Her reason for soliciting the loan is that she needs the freezer to sell meat.
Josefina confronts challenges in her business, including competition, since there are various butcher shops in the zone. But she has a lot of clientele due to the friendliness with which she treats her customers. Josefina will use future benefits to purchase more meat at wholesale. Her goal is to have a stable and profitable business and in this manner, to increase her economic income.
El Banco de emprendimiento RETAMAS está compuesto por nueve integrantes seis mujeres y tres varones, la presidenta del banco es la Sra. josefina tiene 45 años, con dos hijos, ella se dedica a la venta de carne en su carnicería que se encuentran en la zona de Tembladerani, este préstamo es su primera secuencia dentro de la institución, la Sra. josefina va a usar este préstamo para la compra de un congelador grande para conservar sus productos en buen estado su razón para solicitar este préstamo es que requiere la congeladora para la venta de carne., la Sra. josefina enfrenta retos en su negocio que son la competencia ya que hay varias carnicerías en la zona, pero ella tiene mucha clientela por la amabilidad con la que trata a su clientela y va a utilizar los beneficios en la compra de carne al por mayor, su deseo para su negocio es tener un negocio estable y rentable y de esta manera incrementar sus ingresos económicos.
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.