The communal bank "Una Oportunidad" is made up of 3 women and one man. The head of the group is Juana (the woman in the skirt). She is 49 years old, married, and has 3 children aged 32, 29 and 24. She has a business selling fish from a stall in one of the markets in the town of Sacaba. This is the first loan that she has taken from the institution. Juana is going to use this loan to buy fish at wholesale to sell from her stall. The reason she is requesting this loan is that she doesn't have enough money to acquire merchandise to sell. Juana faces challenges in her business, including the ups and downs in sales. She will use the profits to continue buying her products, so that in this way she can increase her working capital. Juana feels grateful for this opportunity that she and her fellow group members are being given.
El Grupo Solidario Una oportunidad esta compuesto por tres integrantes dos mujeres y un varón, la encargada del grupo es la Sra. Juana la Sra. de pollera) tiene 49 años y es casada con 3 hijos que son de las edades de 32, 29 y 24, ella se dedica a la venta de pescado en su puesto que se encuentra ubicado en uno de los mercados de la localidad de Sacaba, este préstamo es su primera secuencia dentro de la institución, la Sra. Juana va a usar este préstamo para la compra de pescado por mayor para poder vender en su puesto de venta, su razón para solicitar este préstamo es que no cuenta con el dinero suficiente para adquirir mercadería, la Sra. Juana enfrenta retos en su negocio que son las altas y bajas en las ventas y va a utilizar los beneficios para seguir comprando sus productos y de esta manera incrementar su capital de trabajo, la Sra. Juana se siente agradecida por resta oportunidad que le dan a ella y a sus compañeros de grupo.
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.