March 29Th Group
Juan is the president of the group. He is married with two young children, and works as a driver with a radio taxi company. With the loan he will make repairs and improvements to his car so that he can keep working without having any more mechanical problems. He has been doing this work for many years. He is very hard-working and responsible, which is why he was chosen as president of the communal bank.
Liliam, the secretary of the communal bank, is married with three school-age children. She sells groceries. With the loan she will buy more stock for her business, enabling her to increase her income and her working capital.
Josefa is the treasurer of the group. She has two school-age children. She also sells groceries and will use the loan to buy more stock for her business, thereby increasing her income and her quality of life, and giving her more working capital.
All the members of the group are grateful to the field partner Emprender, and to Kiva, for the confidence they have shown in them by granting this loan.
El Sr. JUAN es el presidente del Banco, esta casado y tiene 2 hijos pequeños, el es chofer el se dedica a la servicio D. radio taxi y con el prestamo lograra hacer mantenimiento D. su movilidad para seguier trabajando sin ninguna otra falla mecanica, el se dedica a esta actividad hace vaR. años, es muy trabajador y responsable por eso fue elegido como presidente del banco D. emprendimiento
La Sra. LILIAM es la secretaria en el Banco esta casada y ella tiene 3 hijos en edad escolar y se dedica a la venta D. abarrotes y con el prestamo comprará más mercaderias para su negocio D. esta forma mejorara sus ingresos economicos y aumento D. su capital D. trabajo.
La Sra. JOSEFA ella es la tesorera del banco y tiene dos hijos que se encuentran en edad escolar y se dedica a la venta D. abarrotes y con el prestamo compra D. más mercaderias para su negocio y D. esta forma mejorara sus ingresos, y su calidad D. vida y aumento D. capital D. trabajo.
Todos los socios estan agradecidos con emprenderr y Kiva por la confianza brindada en la otorgacion del credito.
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