Santa Rosa Grande Group
Most of them have their own fixed business. The other 20% work with merchandise going door to door. They do not have their own homes. They are very hard-working mothers, and their businesses are their only source of income to support their households.
They are responsible with their loan. They are in their second cycle with our institution, and there have been no problems.
Una gran mayoria cuenta con negocio propio fijo el otro 20% trabajan con mercaderia en su domicilio ambulando y no cuenta con domicilio propio son madres D. familia muy trabajadoras que el negocio es el unico ingreso con el cual mantienen su hogar, son responsables con su credito ya que ahora se encuentran en el segundo credito con nuestra institucion sin ningun problema.
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