Juana De Arco Group
He is married and has four children, ages 8, 12, 20, and 25. Martin builds and remodels houses; he is a bricklayer contractor. He lives in the Villa el Carmen area of the city of La Paz.
This loan is his first cycle within the institution. Martin will use this loan to buy construction materials and some tools that will allow him to do his work efficiently. He has contracts to complete. The reason for requesting this loan is to continue improving in his work. Martin will use the profits to buy domestic appliances for his family.
Martin is a very hard-working person, and he is happy about the opportunity given to him and his colleagues in the communal bank. Some of them support their families by themselves.
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