The entrepreneurship group FAME is comprised of 9 members, 8 women and 1 man. The president of the bank is Ruth. She is 51 years old, married, and has 3 children who are 10, 12, and 18 years old. She works for herself in a consultancy and performs work in different areas. She is going to use the loan to invest in her business by buying various materials that she needs such as folders and pens. Her reason for requesting this loan is to keep improving her business. Ruth is going to use the profits to continue improving her business and so to improve her income. Ruth is a very hardworking person and is happy that this opportunity has been offered to her and the other members of the group as, in many cases, they are the only ones who are helping their families to get ahead.
El Banco de emprendimiento FAME está compuesto por nueve integrantes ocho mujeres y un varón, la presidenta del banco es la Sra. Ruth tiene 51 años, es casada tiene tres hijos de las edades de 10, 12 y 18 años, ella se dedica al trabajo independiente en una consultora donde realiza trabajos para distintas áreas y va a usar este préstamo para invertir en su negocio con la compra de distintos materiales de escritorio como hojas y boligrafos que necesita, su razón para solicitar este préstamo es seguir mejorando en su Trabajo, la Sra. Ruth va a utilizar los beneficios en seguir mejorando su actividad y así mejorando sus ingresos, La Sra. Ruth 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.