Sol Naciente Group
Ángela is the group's president. She is the leader and founder of the group and her business is selling teddy bears in a centrally-located street in the city of Cochabamba. She is married and has 9 children who all live independently and have their own businesses. She requested her loan to buy teddy bears and thereby increase her working capital.
Silvia is the group's treasurer. She is married and has two young daughters. She owns a neighborhood store which is located in her home. Silvia requested her loan to buy food products. She is a long-standing member of the group and has shown herself to be a very responsible person who is punctual in making her loan repayments.
All the members of the group are grateful to the institution for the support they have offered them.
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