The communal bank "Israel" is a new bank and it is in its first cycle. Its customers have had experience with other institutions. They are from the Villa Israel area and they all live in the same area. This institution is opening new banks. They have obtained this loan to increase their working capital. The representative of the group is Maria. She has a store where she only sells groceries. She has been in this business for many years. She is separated from her husband and has two children. She is a hardworking person and with the money from this loan she will buy merchandise wholesale such as rice, sugar, oil, etc. All of the members are very thankful to this institution for the support it has provided them.
El banco D. emprendimiento "Israel" es un banco nuevo se encuentra en su primer ciclo son clientes que ya tienen experiencia en otras instituciones son D. la zona D. villa Israel todos viven en la misma zona y la institución esta entrando con apertura D. bancos nuevos ellas sacaron el crédito para aumentar su capital D. trabajo, la representante del grupo es la Sr. María se dedica a la venta D. abarrotes, tiene una tienda donD. venD. solo abarrotes , ella esta separada D. su esposo tiene 2 hijos dedica a esta actividad ya hace muchos años, es una persona muy trabajadora y con el dinero del crédito comprara mercadería por mayor D. arroz, azúcar, aceite , etc. Todas las socias esta muy agradecidas con la institución por el apoyo brindado.
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.