Sol Naciente Group
The group president is Sra. Patricia Veronica S., who is engaged in selling food. She lives in a rental property with her 3 children. Her husband is employed by the city as a gardener. Patricia has completed her previous loan payments.
Serving as treasurer, Angela J. A. is also the founder of the group. She sells stuffed toys (dolls made of fabric) and also works as a housekeeper at a private home. She has 4 children, of whom two are still dependent. She is very active despite being one of the older members.
Hilda M. J. is the group secretary. She sells seasonal clothing as a traveling merchant at the different fairs. She has 3 children with her live-in partner, who is a bricklayer. They live in a rented house.
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