Bolivianitas - 26 Group
Update on Bolivianitas - 26 GroupThe communal bank of Bolivantes-26 is made up of nine members, all of them women. The president of the bank is Señora Felipa. She is 53 years old and has two children who are 14 and 22 years old and are studying in high school and college. Felipa makes a living by selling electronic household appliances from her shop which is located in her home in the area of Vino Tinto. At night she also sells salchipapas (a kind of kebab) in the same area.
The purpose of the loan is to buy electronic household appliances in order to stock up her business. Señora Felipa is a hard-working person who has experience in the business. She is very grateful to the institution for the support it offered to her because this is the only work she has to take care of her family. Also, she is grateful for the support from her group-mates because in many cases they take care of their families alone.
Previous Loan DetailsThe communal bank Bolivianitas 26 is made up of eleven members, nine women and two men. The bank president is Angelica. She is 40 years old and has two children who are 12 and 19 years old who are studying at school and university. She works selling breakfasts, an activity that she does every… More from Bolivianitas - 26 Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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