Luz De Luna 27 Group
Señora Alicia, the bank president, is 44 years old and the mother of four school-aged children. She works selling bagged potato chips to various neighborhood stores and schools where she's built a customer base. Señora Alicia will use funds from this loan to purchase cooking utensils, such as pots, to increase production. This business presents many challenges, such as getting up very early to deliver products.
Señora Alicia will use funds from this loan to purchase supplies so she can keep improving her business, expand it, and save more money. Señora Alicia's ambition is to open her own store where she can sell her products. Alicia is young and anxious to get ahead, so she's grateful to lenders for the support they're providing her.
la Sra. Alicia va a usar este préstamo para compra de utensilios de cocina como ollas para así mejorar su producción , la Sra. Alicia enfrenta retos en su negocio que son el tener que levantarse muy temprano para ir a dejar sus productos, ella va a utilizar los beneficios en la compra de insumos para seguir mejorando en su negocio y poder expandirse más y así poder ahorrar, y salir adelante, el deseo de la Sra. Alicia es poder abrir su tienda donde pueda ofrecer sus productos, la Sra. Alicia es una persona joven con ganas de superación se siente feliz y agradecida con la institución por el apoyo brindado.
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