The entrepreneurship bank "Emprendedoras - 26" (Entrepreneurs - 26) consists of eight members, six women and two men. The president of the bank is Señora Maria. She sells hardware store items such as faucets for water installations. She has a sales stall in the zone of Alto San Pedro. This loan is her first one with the institution. Señora Maria is going to use this loan to buy hardware items wholesale to stock her business and in this way offer a variety of products to her customers. Her reason for applying for this loan is to continue improving her business. She will use the earnings to continue buying products and thus go on improving her income. Her goal for her business is to have a well-stocked hardware store. Señora Maria is a very hard-working person. She feels happy about the opportunity offered to her, since her fellow bank members in many cases are people who are raising their families alone.
El Banco de emprendimiento EMPRENDEDORAS - 26 Está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. María, ella se dedica a la venta material de ferretería como grifos para instalaciones de agua, tiene su puesto de venta que se encuentra en la zona de Alto San Pedro, este préstamo es su primera secuencia dentro de la institución, la Sra. María va a usar este préstamo para la compra material de ferretería por mayor para surtir su negocio y de esta manera brindar variedad de productos a sus clientes, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. María va a utilizar los beneficios para seguir comprando productos y así ir mejorando sus ingresos, su deseo para su negocio es tener una ferretería muy surtida. La Sra. María es una persona muy trabajadora se siente feliz por la oportunidad brindada a ella ya sus compañeras del grupo ya que en muchos casos son personas que sacan adelante solas a sus familias.
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.