Los Pagadores 2012 Group
Verónica's business is selling sausages, ham and bologna. She sells these products from a sales location in her neighborhood. This loan is her fifth from the institution. Verónica will use her loan to buy sausages and cold cuts wholesale. This will increase her working capital. She is requesting the loan so that she can continue improving her business. Verónica will use the profits she makes to continue buying cold cuts so that she can continue improving her income. Her wish for her business is to have a very well-stocked store so that she can provide her customers with a wider range of products. Verónica is a very hard-working person. She feels happy that she and her fellow group members are receiving this opportunity as many of them support their families on their own.
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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