The communal bank Las Pankaritas is made up of eight members, all women who work in various activities. Carmen, is the president of the bank. She is 30 years old, and has a seven year old son, who is school age.
She works selling wool clothing such as sweaters in her store located in the busy 16th of July area of the city of El Alto. The purpose of the loan is to buy sweaters to supply her store as this is the cold season when there is a lot of demand for her products which is why she asked for the loan.
Carmen is a hardworking person with years of experience in this activity. She is very grateful to the institution for the support given to her as this is the only activity with which she supports her family and she also is grateful for the support of the other members of the group who in many cases are supporting their families alone.
El Banco de emprendimiento LAS PANKARITAS Está compuesto por ocho integrantes todas mujeres que se dedican a distintas actividades, la presidenta del banco es la señora Carmen tiene 30 años y un hijo de la edad de 7, años que se encuentra en edad escolar, ella se dedica a la venta de ropa de lana como chompas en su tienda que se encuentra por la populosa zona de la 16 de Julio de la ciudad de El Alto, el destino del crédito es para la compra de chompas por mayor para surtir su tienda ya que esta época de frio tiene mucha demanda de sus productos razón por la cual solicito el credito, la señora Carmen es una persona muy trabajadora lleva años en esta actividad está muy agradecida con la institución por el apoyo brindado a ella ya que esta es la única actividad con la que mantiene a su familia y también agradecida por la ayuda a sus compañeras de grupo ya que en muchos casos mantienen solas a sus familias.
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.