Santa Terecita Group
Marcelina is a longstanding client of the institution since this loan is her fifth sequence. She is going to use it to buy seasonal fruit at wholesale. The reason for requesting the loan is the lack of working capital to buy her products.
Marcelina faces business challenges like competition and will use the benefits to improve her quality of life. Her wish is to see her business grow and to become a major distributor in the zone. Marcelina feels happy and grateful to the institution for the support provided her and her fellow group members.
In the photo, one of the members appears with his wife.
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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