Kalajahuira Ag. 25 Gs Group
This is the second loan she receives from Emprender. Mrs. Susana will use it to invest in buying merchandise, such as carrots, potatoes and corn, now that the holidays are coming. She requested this loan because she lacks the capital.
Susana faces challenges like the weather. The rainy season greatly affects the agricultural lands and those that make a living from them. Prices have risen and there is a shortage of goods many times. She will use the loan to continue buying merchandise, for which she will pay her suppliers in advance, in order to be safe and be able to sell it during the upcoming holidays.
Her dream is to buy her own establishment, since she does not have now a fixed place in the market. In this way, it would be easier for her to sell.
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