The community bank "32 Buena Vista" is comprised of 8 people - 7 women and 1 man. The president of the bank is Neitza, who is 46 years old, married, and has 5 children, 3 of whom have left home and 2 of whom still live with her. She sells construction materials, particularly joists, in the Molle Molle area. Neitza has been with the institution a long time and this is her 15th loan cycle. Neitza will use the loan to buy joists wholesale for her business and in this way will increase her working capital. Neitza faces challenges with her business including competition and she will use the benefits of this loan to improve her quality of life. Neitza is very hardworking and is proud and happy about her work and happy for the support she has received from the institution.
El Banco de Emprendimiento 32 BUENA VISTA esta compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco de emprendimiento es la Sra. Neitza tiene 46 años esta casada tiene 5 hijos que tres ya son independientes y dos todavía dependen de ella, ella se dedica a al venta de material de construcción ella vende viguetas en una tienda en la zona de Molle Molle, la Sra. Neitza es cliente antigua de la institución ya que esta es la quinta secuencia de su crédito, la Sra. Neitza utilizara este préstamo para la compra de viguetas por mayor para su negocio y así de esta manera incrementar su capital de trabajo, la Sra. Neitza enfrenta retos en su negocio que son la competencia y utilizara los beneficios para mejorar su calidad de vida, la Sra. Neitza es una persona muy trabajadora, se siente orgullosa y feliz por su trabajo y por apoyo que le brinda la institucion.
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.