The communal bank LAS CARIÑOSITAS is comprised of eight members, seven women and one man. The president of the entrepreneur bank is Mrs. Rafaela who is 40 years old, married and has three children, aged 15, 10 and 9, who are all in school and depend on her. She sells comforters for a living and this is her first loan cycle within the instititution. Rafaela will use the loan to buy wholesale comforters to stock her business and increase her working capital. Rafael faces challenges such as competition, and she will use the business profits to improve her lifestyle. She is a hard worker and proud of her work, and grateful for the support she receives from the institution.
El Banco de Emprendimiento LAS CARIÑOSITAS esta compuesto por ocho integrantes siete mujeres y un varón, la presidenta del banco de emprendimiento es la Sra. Rafaela tiene 40 años esta casada tiene 3 hijos de las edades de 10, 15 y 9 todos en edad escolar, todavía dependen de ella, ella se dedica a la venta de edredones, esta es su primera secuencia dentro de la institución, la Sra. Rafaela utilizara este préstamo para la compra de edredones por mayor para surtir su negocio y así de esta manera incrementar su capital de trabajo, la Sra. Rafaela enfrenta retos en su negocio que son la competencia y utilizara los beneficios para mejorar su calidad de vida, la Sra. Rafaela es una persona muy trabajadora, se siente orgullosa y feliz por su trabajo y por apoyo que le brinda la institución.
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.