The OASIS communal bank is made up of eight members, all of them women. Their president, Maria, is 43 and married with two children of 19 and 21. She has been selling food in the Simón Bolivar district for a number of years. She plans to use this loan, her first loan cycle with the institution, to invest in the bulk purchase of supplies for making meals, including rice, noodles, potatoes and oil. Her reason for applying for the loan being shortage of capital, Maria plans to use the funds to continue buying supplies for the preparation of her meals. Maria is a very hardworking and happy person who is grateful to the institution for its help, since this is her only chance to support herself and her family.
El Banco de emprendimiento OASIS está compuesto por ocho integrantes todas mujeres, la presidenta del banco es la Sra. Maria tiene 43 años casada tiene 2 hijos que tienen las edades de 19 y 21 años, ella se dedica a la venta de comida en la zona Simón Bolívar, se dedica a esta actividad hace ya varios años, este préstamo es su primera secuencia dentro de la institución la Sra. Maria va a usar este préstamo para Invertir en la compra de insumos para la elaboración de sus comidas, como arroz, fideo, papa y aceite por mayor Su razón para solicitar este préstamo por la falta de capital, la Sra. Maria va a utilizar los beneficios en seguir comprando insumos, para la elaboración de sus comidas, la Sra. Maria es una persona muy trabajadora se siente feliz y agradecida con la institución por el apoyo brindado ya que esta es la única actividad que le permite mantenerse y 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.