The Warriors Group
Josefina crafts and sells sombrero hats. She lives in a house that is her own and she has 4 children, all of whom are in school. The income that she earns is used to cover the household expenses and to send her children to school. With the funds from this loan she will purchase materials to make sombrero hats, including decorations, fabrics, leather, etc.
Elvira sells soft drinks. She has 4 children and her husband is a construction worker. The income that they earn is used for the support of their children. The funds from her loan will be used to purchase large quantities of sugar.
Carmen makes and sells Sao sombrero hats (they are sombreros that are very traditional to the city of Santa Cruz). She distributes to the various markets of Plan 3000. She has 3 children and she lives in her mother's house. The income that she earns is used to support the home. The funds from this loan will be used to purchase materials to make sombrero hats.
All of the members are thankful to the organization for the support they have provided them in the form of a 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