The president of the bank is Dalcy. She is 50 years old, married, and has one child. She works selling and making crafts. She makes jewelry and costume jewelry for women by hand. Dalcy has a sales post in the town of Limoncito.
This loan is her first with the institution. She will use this loan to purchase materials to make her crafts. Her reason for requesting this loan is to continue improving her business. Dalcy will use the benefits to continue purchasing materials and therefore improve her income.
Her hope for her business is to have a large store where she can sell her crafts and provide better service to her customers. Dalcy is a hardworking person who is happy with the opportunity provided.
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