The Jerusalem bank of entrepreneurship is made of eight members, seven women and one man. All of them are engaged in different activities.
The president of the bank is Martha, who is 27 years old with a two year old child. She earns her living making clothing. She lives in the Corazón de Jesús zone, where her workshop is.
This loan is the first cycle in the microfinance institution. She is going to use this loan to buy fabric in bulk. Her reason for asking for this loan is that she has orders from her clients.
Martha faces a challenge in her business, which is a lack of capital. She will use the benefits for growing her business. Her wish is for her business to have better income and to support her family economically, improving their quality of life.
El banco de emprendimiento JERUSALEM, está compuesto por ocho integrantes siete mujeres y un varón, todas ellas se dedican a distintas actividades, la presidenta del banco es la señora Martha, tiene 27 años tiene un hijo de dos años, ella se dedica a la confección de prendas de vestir, vive en la zona de Corazón de Jesús donde es su taller, este préstamo este préstamo es la primera secuencia dentro de la institución va a usar este préstamo para la compra de tela al por mayor su razón para solicitar este préstamo es que tienen pedidos de sus clientes, la señora Martha enfrenta retos en su negocio que son la falta de capital, y va a utilizar los beneficios en el crecimiento del negocio su deseo para su negocio es tener mayores ingresos y apoyar a la familia económicamente y así mejorar su calidad de vida.
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.