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Palomas Group
In this Group: Virginia, Yola, Candelaria, Judith Milenka, Ivan Gonzalo, Roxana Jimena, Martha Benita, Abigail Lidia
The PALOMAS community bank are beginning their first loan cycle in the Cascada regional office. However, the group contains some members who have already taken part in Pro Mujer's services. This is the case for the president of the group, Virginia, who comments that she has been with the organization for twelve years. The Palomas group has eight members, seven women and one man.

Leonarda is a mature lady who is 52 years old. She is divorced and has four children. She says that she has participated in other community banks and with the money her business has grown and she has been able to improve her living conditions. Her business started with a small stall in the doorway of her home from where she sold deep-fried chicken. Over time she managed to make the alterations necessary to open a guesthouse. In addition, she comments that some years ago she received a check up in the doctor's office at Pro Mujer which saved her life since it diagnosed an illness which required an emergency operation.

The loan she has requested of 2000 bolivianos will be used to buy supplies for her guest house. With respect to the businesses which the rest of the organization's members carry out, they are varied and include: guest house, hand-made wool pictures, making braided rugs, embroideries, dressmaking, cosmetics sales, buying and selling of silver and gold, and grocery sales.
View original language description ↓
La A.C. PALOMAS inicia su ciclo Nº 1 en el Centro Focal de Cascada, sin embargo cuenta con algunas socias que ya han participado en los servicios de Pro Mujer. Es el caso de la señora presidenta la señora Virginia, quien comenta que ya está doce años en la institución. Esta asociación Palomas, está compuesta por ocho integrantes, siete mujeres y un varón.

La señora Leonarda es una mujer madura de 52 años de edad, divorciada, madre de cuatro hijos. La señora refiere que ha participado en otras asociaciones y con el dinero su negocio ha crecido y ha podido mejorar sus condiciones de vida. Su negocio inicio con un pequeño puesto a la puerta de su casa en el que vendía chicharrón de pollo, con el tiempo pudo adecuar un ambiente para abrir una pensión. Además, comenta que hace unos años ella recibió un diagnóstico en el consultorio de salud en Pro Mujer, que le salvó la vida, pues puso al descubierto una enfermedad que requería una operación de emergencia.
El crédito que ha solicitado de Bs. 2000.- será invertido en la compra de insumos para su pensión.
Con respecto a los negocios que llevan adelante el resto de integrantes de la asociación son variados, como: pensión, artesana de cuadros en lana, trenzado de mantas, bordados, confección de ropa, venta de cosméticos, compra - venta de plata y oro, venta de abarrotes.

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

  • $5,500
    Average annual income
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,410,700
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Palomas Group's $2,325 loan helped a member purchase of supplies, rice, noodles and oil.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2010
Listed
Oct 31, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 22, 2011