Sr. De Malta Group
Gloria S. R. is the president. She is one of the most responsible and serious members. She has a grocery story in the central zone. With the loan from Emprender she is stocking her store.
Betty Q. E. is the treasurer of the group. She is an old member of Emprender. She is good natured, and she knows the members very well. She has a little food car where she sells hamburgers and “salchipapas” (fast food maD. from fried sausages and fried potatoes) in the central zone. She sells together with her niece, who is like a daughter to her. She took her in when she was small. Counting her niece, she has five children. She sells from seven in the evening until very late.
About EmprenderEmprender 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.
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Success!! The loan was 100% repaid