The "La Gran Esperanza" communal bank is made up of eight members - six women and two men. The bank's president is Elena. In the photo Elena is the second from the left, standing, and wearing a white blouse. She is 56 years old and has children who are now independent adults. Elena makes a living with a business offering telephone services on a central avenue in the city of Santa Cruz. This is her first cycle with the communal bank and Elena will use the loan to buy phonecards in bulk. She is applying for a loan due to a lack of capital. When Elena about the communal bank, she came to visit it. Elena faces challenges in her business, such as too much competition in the area. She has only recently started this business. Before she sold cosmetics but this unfortunately did not provide her with an income, so she had to look for something else. Elena will use her profits to buy merchandise such as top-up cards to sell to her customers Elena is happy and grateful to the communal bank for the support provided to her and her colleagues. All these people work hard so they can move forward in life.
El banco de emprendimiento LA GRAN ESPERANZA está compuesto por ocho integrantes, seis mujeres y dos varones , la presidenta del banco es la Sra. Elena en la foto segunda desde la izquierda parada con blusa blanca, tiene 56 años, hijos ya independientes, ella se dedica al servicio de puntos de llamadas que se encuentran en una Avenida céntrica de la ciudad de Santa Cruz, este préstamo es el su primera secuencia dentro de la institución, la Sra. Elena va a usar este préstamo para la compra de tarjetas telefónicas por mayor su razón para solicitar este préstamo es la falta de capital razón por la cual la cliente se vio interesada y acudió a nuestra institución, la Sra. Elena enfrenta retos en su negocio que son La competencia que tiene por la zona es demasiada, recién está empezando con este negocio ya que ella vendió cosméticos pero lastimosamente el negocio no le surgió ganancias por lo que tuvo que buscar otra alternativa y va a utilizar los beneficios en seguir comprando mercadería, como tarjetas de recarga para poder ofrecer a los clientes, se siente feliz y agradecida con la institución por el apoyo brindado a ella y a sus compañeras de grupo ya que son personas que trabajan mucho para salir adelante.
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.