Santa Terecita-32 Group
Update on Santa Terecita-32 GroupEl Banco de emprendimiento SANTA TERECITA-32 en esta segunda secuencia está compuesto por ocho integrantes, cinco mujeres y tres varones, la presidenta del banco sigue siendo la Sra. Erika, cuenta que no le fue tan bien con la anterior actividad que era la venta de ropa, así que se dedica en esta oportunidad a la Venta de comida, en esta ocasión solicita el crédito para la compra de insumos para la elaboración de sus comidas, como papa, fideo y arroz por mayor, se siente feliz y agradecida por la oportunidad que le dan para crecer en su negocio ya que con esta actividad le va muy bien.
Previous Loan DetailsSanta Terecita-32 Communal Bank is made up of eleven members, eight women and three men. The president of the bank is Erika, 21. She makes a living selling clothing in her stall in a busy fair in the city of Cochabamba. This loan is Erika's first sequence with the institution. She going to… More from Santa Terecita-32 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