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Hormiguitas Group
In this Group: Victoria, Cinthia, Sabina, Celestino, Lucy Angelica, Lidia, Lizeth Pamela, Ruth Sonia
The “HORMIGUITAS” (Little Ants) communal bank is starting its second cycle. It has 8 members, seven women and one man. The governing board consists of Lucy, President, Cinthia, Treasurer and Ruth, Secretary.

To improve organization the bank formed subgroups to process payment. They are called Solidarity Groups and are led by a Group Leader. Victoria is leader of a group. She is the first level of control within the group and the person who expedites the repayment process during the meeting. She has prior work experience in Pro Mujer. The business she’s in is manufacturing infant wear. She used to work in América Textil micro workshops but has worked independently for the last three years.

She has requested funds to buy supplies like fabric and thread. She makes the tiny items of clothing in her home and delivers the finished products to her customers for subsequent retail sales. One of her daughters helps her.

With respect to Pro Mujer she considers the Health Center to be a great help and that is what she likes best about it.

The other group members have their own businesses: games sales, seamstress services, sale of salchipapas (fried potatoes with fried sausages), infant ware manufacturing, stuffed toy making, public transportation services and artisanal beds and cosmetics sales.
View original language description ↓
La asociación comunal “HORMIGUITAS” está iniciando su segundo ciclo. Está conformada por 8 personas, siete mujeres y un varón. La mesa directiva esta constituida por la señora Lucy como presidenta, la señora Cinthia como tesorera y la señora Ruth como secretaria.

Para una mejor organización, la asociación conforma subgrupos para el proceso de pago, son llamados grupos solidarios y están dirigidos por la jefe de grupo. La señora Victoria es jefe de un grupo, constituye el primer control dentro del grupo y la persona que agiliza el proceso de repago en la reunión. Ella ya tiene experiencia de trabajo en Pro Mujer. El negocio que desarrolla es la costura de ropa para bebé. Antes trabajaba con micro talleres de América Textil, desde hace tres años trabaja independientemente.

Su crédito ha sido solicitado para comprar insumos: como por ejemplo hilo, tela. Produce las pequeñas prendas en su domicilio y luego entrega su producción a sus clientes para la venta por menor. De parte de la familia tiene el apoyo de una de sus hijas.
Con respecto a Pro Mujer, ella considera que el Consultorio de Salud es una ayuda y por eso es lo que más le gusta.

Las otras integrantes de la asociación también tienen sus propios negocios: venta de jugos y costura, venta de salchipapa, costura de ropa de bebe, peluches, conducción de transporte, artesanía de camas y venta de cosméticos.

Additional Information

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.

About Bolivia

  • $2,817
    Average annual income
  • 98
    View loans »
    Bolivia Loans Fundraising
  • $28,862,525
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Hormiguitas Group's $2,925 loan helped a member to buy fabric and thread.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2010
Listed
Sep 21, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011