Communal bank AMIGAS POR SIEMPRE – 26 is made up of eight members, five female and three male, that make a living through various activities. The bank's president is Ana. She is 28, has two school-aged children and sells catalogue cosmetics. She does this in an itinerant way, offering her products door-to-door at homes and private and public institutions in La Paz. This will be her first cycle with our institution and she plans to use her loan to purchase discounted wholesale cosmetics and jewelry, aiming at offering a greater diversity to her customers and thus increasing her profits. She is asking for this loan because she wants to improve her business and will use the profits for buying more beauty products. Ana is a hard-working woman who feels very grateful for this opportunity as it is her only means for supporting her family.
El Banco de Emprendimiento AMIGAS POR SIEMPRE – 26 está compuesta por ocho integrantes de los cuales sinco son mujeres y tres varones que se dedican a distintas actividades, la presidenta del banco es la Sra. Ana tiene 28 años, tiene dos hijos que se encuentran en edad escolar, se dedica a la venta de cosméticos por catalogo, ella vende sus productos de manera ambulante, visitando domicilios y oficinas públicas y privadas de la ciudad de La Paz, donde ofrece sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Ana va a utilizar este préstamo para la compra de cosmético y joyas por mayor y que se encuentran en promoción y de esta manera brindar variedad de productos a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio, la Sra. Ana va a utilizar los beneficios para seguir comprando variedad de productos de belleza, la Sra. Ana es una persona muy trabajadora se siente feliz por la oportunidad brindada ya que esta es su única actividad que le permite mantener a su familia.
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.