Dinamarca - 26 Group
Jenny will use this loan to buy a place of business, since the place she currently has is a rental, and also to buy fruits and vegetables that are in season in bulk to stock her sales point. Jenny has faced challenges in her business, like having to get up very early to buy the fruits and vegetables because she buys them from the trucks that arrive from the different valleys that provide these products to the city. Another of her hardships is the competition that she faces, but she works very very hard to improve her quality of life. She will use the benefits of this to continue buying vegetables for the business, and she feels happy and thankful for the opportunity given to her and to her compatriots in this group, and notes that the majority of them are young and entrepreneurial people.
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