Nicolaza G. Calizaza, the president, is the very friendly leader of her group. She has a neighborhood store in her house. She has five children, and her husband works tending phone booths.
Dolores Panosos G., the treasurer, is the founder of the group. She is very responsible. She is single, has married children, but she helps her youngest child and her two grandchildren. She has a neighborhood store. The loan is to increase capital.
Olimpia M. A., the secretary, is an older member. She sells food as a neighborhood street vendor. She helps her children and her husband who is an investor.
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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