73-Las Orquideas.p. Group
Sra. Tania is 31 years old and has two children, ages 5 and 7, both of whom are of in school. She sells food from a vending stall located in the same district where she lives. This loan is her second cycle with Emprender. Sra. Tania will use the money to buy supplies in bulk such as potatoes, rice, noodles, and oil for preparing her dishes. The loan will also increase her operating capital. Her reason for requesting this loan is so that she can continue improving her business. By utilizing the benefits of this loan, Sra. Tania will be able to continue buying supplies and improving her income. Her wish for her business is to open a restaurant where her customers can be more comfortable. Sra. Tania is a hardworking person who is happy with the opportunity that has been provided to her and her fellow group members. Some of them have sole responsibility for supporting 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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Success!! The loan was 100% repaid