19 De Marzo Group
NayD. is the president and leads the group. She has a linen sales business and sells on foot, visiting offices and homes and offering her services. She has many steady customers. She will use the money from this loan to buy items by the dozen because she can get them for better prices this way. This way she can increase her profits.
Deysi is the treasurer. She is separated and has six children who attend school. She has a motorcycle repair shop, run by one of her relatives. It's located on a busy street. She will use the money from this loan to make some repairs to the shop.
All of the members are hard working, responsible ladies who are grateful to the institution for their support.
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