Senda De Vida Group
The president of the bank if Felipa. She is 44 years old, and has 2 children who are 8 and 12 years old. She works in food sales. She sells pork rinds and has been doing this for a long time. She has a food stall which is located at her residence which is in the area of Satélite.
This is her first sequence with the institution. Felipa is going to use this loan to buy supplies for making dishes including fish, freeze-dried potatoes, potatoes, and corn in bulk. Felipa is going to use the profits to continue buying supplies to prepare her delicious dishes.
She feels happy and grateful for this opportunity that is offered to her as this is the only activity she dedicates herself to as it is a family business.
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