The governing board elected by the members is led by Cristina, group president. She is originally from VallegranD. but she moved to our city looking for a better future for her family because the previous place wasn’t too commercial. Cristina is married and has two, school-age children. She sells clothing in a sales stall in Cochabamba’s market. She will use the funds to buy seasonal clothing at wholesale since winter is approaching and she needs to stock her stall with warm clothing for this season.
Elisa is group treasurer. She is a person with strong leadership, responsibility and reliability characteristics that she has demonstrated in other organizations she’s been involved with. She sells food and will use the funds to buy ingredients to make her delicious meals.
All the members are businesswomen with a high sense of self improvement; they are always looking for ways to push their families forward and not just be housewives dependent on their husbands. This is why they decided to group together to seek a group loan that will help all of them since they don’t qualify for financing from traditional banks; this way they can support each other and take out a single loan. They are very grateful to Emprender and to Kiva for the trust placed in them by granting the loan.
La directiva electa por parte D. las socias esta a cargo D. la Señora Cristina, como presidenta del grupo, una persona D. VallegranD. que emigro a nuestra ciudad en busca D. un futuro mejor para su familia ya que el lugar no era tan comercial, la Sra. Cristina esta casada y tiene 2 hijos que se encuentran en edad escolar, se dedica a la venta D. ropa tiene puesto fijo en un mercado D. la ciudad D. cochabamba, el dinero del credito lo utilizara en la compra D. ropa por mayor y D. temporada ya que se acerca el invierno y necesita surtir su puesto D. venta con ropa abrigada para esta temporada.
Como tesorera se encuentra la Señora Elisa, una persona con unas características D. liderazgo, responsabilidad y confianza demostrada a través D. otras organizaciones en la que estuvo presente, se dedica a la venta D. comida y con el dinero del credito comprara insumos para la elaboracion D. sus riquisimos platillos.
Todas son empresarias con un alto sentido D. superación en busca D. ser motores productivos dentro su familia y no así solo amas D. casa que dependan del esposo, es por esta razón que para llevar adelante sus emprendimientos deciden agruparse para solicitar crédito mancomunado ya que no cuentan con garantías que la banca tradicional exige, y D. esta manera apoyarse para sacar un solo crédito, estan muy agradecidas con Emprender 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