The venture bank El Mirador is comprised of 9 members, 6 women and 3 men. The president of the bank is Sofía. She is 42 years old, married, and has 2 children who are 5 and 14 year old. She works making and selling empanadas. She lives in La Guardia. This loan will be her first from the institution. Sofía will use the loan to buy flour and butter for making her empanadas and in this way will increase her working capital and improve her business. Her reason for requesting this loan is a lack of capital. Sofía faces challenges in her business, including increasing her client base, and she will use the profits to improve the quality of life for her family. Sofía is a very hardworking person and she is pleased and grateful that the institute offers support to her and her group members.
El Banco de emprendimiento El MIRADOR está compuesto por nueve integrantes, seis mujeres y tres varones, la presidenta del banco es la Sra. Sofía tiene 42 años está casada tiene dos hijos que tienen la edad de 5 y 14 años. Ella se dedica al elaboración y venta de empanadas, ella vive en la localidad de la Guardia, este préstamo es su primera secuencia dentro de la institución, la Sra. Sofía utilizara este préstamo para la compra de harina y manteca para la elaboración de sus empanadas y así de esta manera incrementar su capital de trabajo y mejorar su negocio, su razón para solicitar este préstamo es la falta de capital, la Sra. Sofía enfrenta retos en su negocio que son crecer en clientela y va a utilizar los beneficios en mejorar la calidad de vida a su familia, la Sra. Sofia es una persona muy trabajadora se siente feliz y agradecido con la institución por el apoyo brindado a ella y a sus compañeras 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.