Señor De Mayo Chimba Group
As president, Deysi G. is the leader of the group. She sells food and lives in a house with her three children. Her husband works as a taxidriver, and her youngest son has Downs Syndrome.
As treasurer, Erika is a new member, but the group knows her as a responsible and friendly individual. She is married and has four children. She has internet at home and also sells cosmetics. She will use the loan to increase capital for her internet.
As secretary, Jhoana is a young member. She sells cosmetics through catalogues and sells clothing on credit in her neighborhood. She also works in a printing shop.
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