6 De Marzo Group

The "March 6th" association has belonged to the Pro-Mujer family for more than year. Every two weeks they meet in the Panamericana neighborhood in the city of El Alto.

The group currently has 15 members and they have proven to be an organized group in terms of their loan payments. The majority of the group members are married with children. The children help their parents with their businesses since the earnings only cover their basic necessities and do not provide enough to hire assistants.

The association includes different businesses such as food sales, clothing sales, and auto parts sales, but the primary business is the sale of vegetables and potatoes, which are sold in the Ceja market (located in the central zone in El Alto) and in other markets around the city. The March 6th association needs capital to buy larger quantities of products to increase their earnings and ensure that their households are economically stable.

Translated from Spanish by Amani Roland, Kiva Volunteer

La asociación denominada “Seis de marzo” pertenece a la familia de pro-mujer hace más de un año. Cada catorce días se reúnen en el centro focal Panamericana, de la ciudad de El Alto a la fecha el grupo cuenta con quince miembros y que han demostrado ser un grupo organizado en cuanto a sus cuotas de crédito.
Dentro el grupo la mayoría son casadas y con hijos, estos ayudan a sus padres en sus negocios ya que las ganancias solo cubren necesidades básicas y no les alcanza para contratar ayudantes. Existen diferentes negocios dentro la asociación como ser; la venta de comida, la venta de ropa, venta de artículos para vehículos, pero la actividad principal es la venta de papa y verduras la comercializan en el mercado de la Ceja (zona central de la ciudad de el Alto) y en otras ferias de la ciudad. La asociación Seis de marzo necesita de capital para comprar productos en mayor cantidad, con la seguridad de ampliar sus ganancias para obtener estabilidad económica en sus hogares.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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