Principiantes - 32 Group
Update on Principiantes - 32 GroupLizet is a 24 year old woman, married and mother of two children and her business is clothing sales. She is a very enterprising woman, feisty, strong, dreamy and very hardworking: her business is in the market of La Cancha in Cochabamba, a city know for being vibrant, bustling; it is one of the boom towns of Bolivia. She has many dreams and hopes to get ahead, so she formed a communal bank with small businesspeople with similar needs to request a loan and improve her way of life (she is seated at the front of the row, blue sweater).
Lizet is of a dark complexion, medium height, long blackish hair and her mother tongue is Quechua, which she combines with Spanish to do business in this bilingual area. Her business is clothing sales, every day, every morning she gets ready to take her garments to her stall in "la chancha", when she arrives she immediately arranges the garments on mannequins and hangers so her customers see them and can get close for the sale. She dreams of growing her business and to achieve this she needs to buy clothes wholesale. This is the reason Lizet is requesting a loan to buy clothing wholesale and help to send her two children to school.
Ella es una mujer emprendedora, luchadora, fuerte, soñadora y muy trabajadora; su negocio lo realiza en la feria de ‘”La Cancha” en Cochabamba una ciudad caracterizada por ser Vibrante, bulliciosa; es una de las ciudades de auge de Bolivia. Ella tiene muchos sueños y deseos de superación, por tales motivos formó una banca de personas con negocios y necesidades similares para solicitar un préstamo y mejorar su forma de vida (ella esta sentada a la derecha de la fila, suéter azul).
Lizet es de tez morena, estatura media, cabello largo negruzco y su lengua natal es el quechua que combina con el español para el comercio bilingüe de la zona. Su negocio es la venta de ropa, cada madrugada diariamente ella se prepara para llevar sus prendas de vestir a su puesto de ‘’la cancha’’, al llegar inmediatamente ordena las prendas en maniquíes y colgadores para que sus clientes la vean y se aproximen para la venta. Ella sueña con el crecimiento de su negocio y para lograrlo necesita realizar la compra por mayor de ropa.
Es por esos motivos que Lizet solicita un préstamo para la compra de ropa por mayor y ayudar con la educación de sus dos hijos.
Previous Loan DetailsThe 'Principiantes - 32' community bank has eight members: six women and two men, who all work in different businesses. The bank's president is Lizet. Lizet is 23 years old, married, and has two young children. Her business is selling used clothing from her sales location in San Pablo… More from Principiantes - 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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This loan has been fully funded!