The ALPAQUITAS - 26 communal bank is made up of eight members, among whom are seven women and one man, who work at a variety of activities. The president of the bank is Brenda, who is 39 years old and who works knitting sweaters and blankets from alpaca for women. She lives in the Sopocachi zone, and this loan is her second one through this organization. Brenda will use the loan to buy alpaca wool wholesale to make her sweaters and blankets because these days she has a lot of sales. She is also placing orders with the different markets in the city of El Alto. Her reason for requesting this loan is to add to her stock. Brenda is encountering obstacles in her business in supplying herself with merchandise, and will use the loan proceeds to continue buying wool wholesale. In the photo one of the members is accompanied by her husband.
El Banco de Emprendimiento ALPAQUITAS - 26 está compuesta por ocho integrantes de los cuales siete son mujeres y un varón que se dedican a distintas actividades, la presidenta del banco es la Sra. Brenda tiene 39 años, ella se dedica a tejido de chompas y mantas de Alpaca para las mujeres de pollera, ella vive en la zona de Sopocachi este préstamo es su segunda secuencia dentro de la institución, la Sra. Brenda va a usar este préstamo para la compra de lana de alpaca por mayor para el tejido de sus chompas y mantas ya que por esta fechas tiene mucha venta también entrega pedidos a los distintos mercados de la ciudad de El Alto, su razón para solicitar este préstamo es incremento de capital de trabajo, la Sra. Brenda enfrenta retos en su negocio que son surtir su mercadería y va a utilizar los beneficios en seguir comprando lana por mayor. En la Foto una de las socias esta acompañada de sus esposo.
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.