The "Los Amigasos" communal bank has nine members - eight women and one man. The president of the bank is 18 year old Cinthia. She has two children, a two year old and an eight month old baby. Cinthia sells a variety of seasonal clothing and, on this occasion, she is selling polo shirts. She is a street vendor and goes and about the market and the area offering her products. This is Cinthia's first loan with the bank and she will use it to buy a variety of polo shirts in bulk. She will thus be able to offer a variety of clothes to her customers and increase her profits. She is applying for this loan so as to keep improving her business because it is the warm season and there is a lot of demand. Cinthia will use the profits to continue to buy a variety of clothes. Cinthia is very hard-working and is happy for the opportunity she is being given.
El Banco de emprendimiento LOS AMIGASOS está compuesto por nueve integrantes ocho mujeres y un varón, la presidenta del banco es la Sra. Cinthia tiene 18 años, tiene dos hijos de las edades de dos año y el bebe de ocho meses, ella se dedica a la venta de variedad de ropa de temporada y en esta ocasión ella vende variedad de poleras, ella vende de manera ambulante por mercados y zonas donde ofrece sus productos, este préstamo es su primera secuencia dentro de la institución, la Sra. Cinthia va a utilizar este préstamo para la compra de variedad de poleras por mayor y de esta manera brindar variedad de ropa a su clientela e incrementar sus ganancias, su razón para solicitar este préstamo es seguir mejorando en su negocio ya que esta época de calor es de mucha demanda, la Sra. Cinthia va a utilizar los beneficios para seguir comprando variedad de ropa, la Sra. Cinthia es una persona muy trabajadora se siente feliz por la oportunidad brindada.
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.