Adela Zamudio - 26 Group
Sra. Ana is in the photo wearing a white sweater, seated next to Sr. Pablo. She sells basic supplies, such as groceries, noodles, rice and sugar in her neighborhood store. This loan is her first with Emprender. She is going to use it to purchase groceries wholesale, such as noodles, rice and sugar and thus increase her working capital. The reason she is applying for this loan is to continue stocking her business. She will use the income to continue buying merchandise and thus improving her income. Her wish for her business is to have a broad range of basic supplies. She is a very hardworking person and is happy for the opportunity being provided to her. Members of the group, in some cases, are the sole breadwinners of their families.
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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