Las Toby Group
This group was founded on the initiative of three members. One of these members was Dora, the bank's president. Dora was chosen as the bank's president because she is a responsible person who is supportive of her fellow group members. Her business is selling clothes and her income supports her household and pays for the education of her school-age children. She will use her loan money to buy winter clothes in bulk since the cold season is approaching and she already has several orders. Dora is a very hard-working person who has a desire to better herself. Her wish is to grow in her business and make more income. In this way, she will be able to improve her quality of life. She is very grateful to the institution for the support she has been given.
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