Las Orquideas Group
She delivers her merchandise by visiting sales stalls and residences, since she sells her products on credit. Ana lives in a home in the Tembladerani zone of the city of La Paz. This is her first loan cycle with this institution. Ana will use this loan to purchase merchandise, since she has many orders, and in this way she can increase her working capital.
The reason she is requesting this loan is to purchase merchandise. Ana faces challenges in her business, such as the demand for new products, and she is going to use the profits to provide better customer service by buying varied products. Ana feels happy and grateful to the institution for the support it has offered her by granting her this 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.
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