The Bank of Entrepreneurship CELESTE-26 is a new bank, but with old members who decided to make another bank called "celeste" [heavenly]. They are well-known amongst themselves and responsible. The president is María. She works in jewelry sales, selling earrings and other things. She sells along one of the crowded streets in the city of La Paz, and also in one of the most busy markets. She is responsible and very polite. For this reason, they chose her to be president. She is separated and has no children to care for. She is asking for the loan to buy jewelry to have a variety of jewelry and therefore offer more products to her customers. This way she will increase her capital since she is very dedicated to her work.
El Banco de Emprendimiento CELESTE–26 es un banco nuevo pero con socias antiguas que decidieron conformar otro banca llamada celeste son conocidas ente ellas y responsables la presidenta es la Sra. María se dedica al comercio joyería, de venta de aretes y otros vende por una de las calles concurridas de la ciudad de La Paz y también en una de las ferias mas concurridas es responsable y muy cumplida y de esa manera la eligieron como presidenta, la señora es separada ya no tiene hijos por mantener solicito el crédito para la compra de joyas para tener variedad de joyas y así ofrecer mas productos a sus clientes y de esta manera aumentar su capital ya que es muy dedicada a su trabajo.
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.