Amistad Por Siempre Group
The group is represented by the following:
Rosa, President, is the leader and founder of the group. She sells sandals in the market on Wednesdays and Saturdays. She’s married and has two married children. She will use the loan money to buy sandals in order to increase her working capital.
Karina, Secretary, is single and doesn’t have children. She sells breakfasts in the market in the morning. She will use the funds to buy a stove.
Juana, Treasurer, is a widow with two independent children. She has a stall where she sells food every day. She’s a very responsible, well liked member of the group. She will use the funds to buy groceries at wholesale.
All the members are responsible and hard working. They are very grateful to the institution for the support given.
Todas las socias son personas responsables y trabajadoras, están muy agradecidas con la institución por el apoyo brindado.
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