Amistad Por Siempre Group
Currently the market where they sell is half built, and it does not have a lot of the necessities like sewers or portable water, etc.
Their group is called Amistad Por Siempre. Their Communal Bank is in their fourth cycle. Their executive board is maD. up of the following:
Rosa is the president. She is very responsible and the leader of the group. She has three children, but she currently only lives with one as the other two are independent. She is married. She sells slippers in the above mentioned market. Her husband is a mechanic.
Juana is the treasurer. She is very responsible and knows how to handle money. She is married and has one child. She sells food in her own home as well as in the Santa Barbara market. The loan is to increase capital.
Karina is the secretary. She is single, and does not have children. She sells breakfast in the same market where her colleagues sell. The loan is for capital.
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