Cumbre De Las Americas Group
The group's president is 28 year-old Yanina who is from the town of La Guardia. Her business activity is selling food and she has been in this business for four years. She sells a variety of dishes and is very well known by her customers as she makes delicious meals. She will use her loan money to buy groceries such as noodles, rice and oil, and supplies for making her meals. Yanina is married to Saturnino who is a construction worker. They have one school-age son in their care. Both Yanina and her husband work for the well-being of their family.
Yanina is a cheerful and dynamic woman. Owing to her responsibility and the support she shows to her fellow bank members, she was elected president of her community bank.
The members of this bank are very grateful to our institution for having placed our trust in them and provided them with the support they need to grow in their businesses and activities.
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