This is a group that is very responsible with their payments. They live in an area very removed from the city and know each other well. They don't have basic services (sewer system, potable water, etc.) where they live. The group is called "Monte Rancho" ("Mountain Ranch) and is in its fifth loan cycle with its community bank. The group's board of directors consists as follows: Rosa is the president, and she is very responsible and the leader of the group. She is married, has three children and works in her carpentry shop. The treasurer is Patricia, who is also a very responsible mother of three children and is knowledgeable in the handling of money. She will use the loan to raise capital for her neighborhood store. The secretary is Felisia, who is a married mother of three children. Her husband is a construction worker, while she makes and sells empanadas outdoors. She will use the loan to improve her business.
Es un grupo muy responsables en sus pagos, viven en una zona muy alejada D. la ciudad, se conocen bien, no cuentan con servicios basicos, por ejemplo D. alcantarillado, agua potable, etc. Su grupo se llama "MONTE RANCHO", donD., el Banco D. Emprendimiento esta en su 5º Ciclo, la mesa directiva esta conformada la siguiente manera, como presidenta esta la señora Rosa L. D. C. ,ella es muy responsable y lider D. su grupo, tiene 3 hijos es casada su esposo y ella trabajan en su carpinteria. Como tesorera esta la socia Patricia S. V. quien es muy responsable y conocedora del manejo del efectivo tiene 3 hijos es casada, el credito lo utiliza para aumento D. capital en su tienda D. barrio. Como secretaria esta la socia Felisia C. M. es casada tiene 3 hijos, su esposo es albañil y ella elabora y venD. salteñas (empanadas) ambulando, el credito lo utiliza para mejoramiento del mismo.
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.