La Colina (The Hill) is a Communal Bank composed of ten members, eight women and two men, all of them engaging in different activities. Yolanda is the president of the Communal Bank: in the picture she is the one holding the group’s records book. She is a very hardworking woman and she engages in selling meals and meat pies. She is 30 years old, she is married and she has three children aged 7, 10 and 12. She sells meals from a stall in her own house, located in La Colorada, a neighborhood of the town of Santa Cruz. This is her first loan with the institution, and Yolanda will use it to buy ingredients to prepare her meals such as oil, noodles, rice and potatoes at a wholesale price. There are challenges Yolanda has to face with her job, notably competition, as there are many inns in her area that sell meals. She will use the profits to keep on buying ingredients to prepare her really tasty dishes, and she feels happy and grateful for the chance she has been given.
El banco de emprendimiento LA COLINA, está compuesto por diez integrantes ocho mujeres y dos varones, todos ellos se dedican a distintas actividades, la presidenta del banco es la señora Yolanda en la foto es la que está agarrando el libro de actas de todo el grupo ella se dedica a vender comida y salteñas es una mujer muy trabajadora tiene 30 años y es casada con tres hijos de las edades de 7, 10 y 12, la venta de comida la realiza en su puesto de venta que se encuentra ubicado en su mismo domicilio que es en la zona de la Colorada de la ciudad de Santa Cruz, este préstamo es su primera secuencia dentro de la institución, la señora Yolanda va a usar este préstamo para la compra de insumos para la elaboración de su comida como Aceite, fideo, arroz y papa por mayor, la señora Yolanda enfrenta retos en su negocio que son la competencia ya que en la zona hay muchas pensiones que se dedican a la venta de comida, ella va a utilizar los beneficios para seguir comprando insumos para preparar sus riquísimos platillos, se siente feliz y agradecida por esta oportunidad que le brindan.
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.