Las Abejitas Group
She is 23 years old and has a three year old daughter. She makes a living selling clothing in various markets in the city of Santa Cruz. This loan is her first with this institution. Maria will use this loan to buy seasonal clothing at wholesale prices for her business. She wants to buy sweaters as the cold weather begins and is requesting this loan because she does not have enough capital to do so.
Maria faces challenges within her business, including the fact that she must transport her merchandise in order to sell throughout the various markets. She will use the earnings to continue improving her business. She hopes to have her business better stocked with merchandise in order to offer a variety of products to her customers. Maria is happy and thankful for the institution for the support brought forth to her and to all of her group members. They all work hard in order to help their families get ahead.
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