Sra. Yascara, 38, is the president of the PERLAS DEL SUR community bank. She and her partner have a 5-month old child. She lives in Palmeras and operates a business making and selling necklaces. This is Sra. Yascara's first Emprender loan and she will use it to buy material for making necklaces. The investment will allow her to increase her working capital and increase her income. Sra. Yascara says that she has to train constantly in order to maintain her skills and a lack of training resources is a problem for her. She will use the loan to improve her work. She says that her long-term goal is to open a store in Santa Cruz.
La Sra. Yascara es la presidenta del Banco de emprendimiento PERLAS DEL SUR tiene 38 años de edad tiene pareja pero no es casada, tiene 1 hijo que tiene 5 meses de edad, ella es artesana ya que realiza producción de artesanía, collares de forma manual, su domicilio se encuentra en la zona Palmeras, Este es el primer préstamo que tiene con Emprender, utilizara este préstamo para la compra de material para la fabricación de sus artesanías, y así de esta manera incrementar su capital de trabajo y mejorar sus ingresos, Yascara enfrenta retos en su negocio que son falta de actualización en lo artesanal donde constantemente tiene que ir actualizándose, utilizara los beneficios del crédito para seguir mejorando su trabajo. El sueño de la Sra. Yascara es tener una tienda en el centro de santa cruz para poder exponer su trabajo que son de buena calidad.
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.