Corazon De Maria Group
This group was formed by Mary who has received previous loans from Emprender. Her business is making jewelry such as women's earrings and necklaces. She is very well known for her good work. In addition, she also makes flower arrangements for parties when her customers request them. She will use her loan money to buy materials for making her products such as sequins and wire.
Yessica lives in Los Olivos neighborhood in the '5th ring district' of the city. Her business is selling purses and shoes which she leaves on credit with her fellow University students and other customers that she has in companies and local markets. Yessica buys her merchandise at Barrio Lindo market on Wednesdays and Saturdays. Yessica is single and doesn't have any children yet. She uses her income to pay for her studies and to cover her household expenses. She lives with her family. Yessica will use her loan money to buy clothes wholesale.
This group meets in Emprender's offices on Fridays. All of the members of the group are grateful to the institution for the support they have offered them with the granting of this loan.
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