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Arco Iris Group
In this Group: Antonia, Domitilia, Julieta, Vilma, Emiliana, Luisa, Genaro, Inesa
The “Arco Iris” (Rainbow) Communal Bank is starting its first loan cycle with Pro Mujer as part of the Villa Exaltación Community Center. This is a new group that was formed so that it could receive credit services, training, and health care. The group consists of eight members who are involved in various business such as selling beds, selling construction materials, operating a neighborhood store, manufacturing shirts, sewing, operating a butcher shop, selling potatoes, selling soft drinks, and masonry and construction.


Sra. Antonia is the president of the Communal Bank. She says she joined the “Arco Iris” Communal Bank because of an invitation she received from the promoters of Pro Mujer who came to her area to raise awareness of the credit, training, and health services. Sra. Antonia learned to sew as a young woman by working at a factory. She currently produces women’s formal wear, but now receives orders for traditional clothing. The loan she is requesting will be used to repair her sewing machine.


When asked what she likes about Pro Mujer, Antonia said she enjoys the savings and the ability to share with her group.

View original language description ↓
La B.C. “Arco Iris” inicia su primer ciclo en Pro Mujer, como parte del Centro Focal Villa Exaltación, es un grupo nuevo que se ha agrupado para recibir los servicios de crédito, capacitación y atención en salud. Está compuesta por ocho integrantes. Los negocios que ellas desempeñan son variados: venta de camas, venta de material de construcción, tienda de barrio, confección de camisas, costura en general, tienda de carnicería, venta de papa, venta de refrescos, albañilería – construcción.

La señora Antonia presidenta de la banca comunal, indica que forma parte del B.C. “Arco Iris” gracias a la invitación de los promotores de Pro Mujer, quienes fueron a su zona para dar a conocer de los servicios de crédito, capacitación y salud. La señora Antonia aprendió a costurar desde muy joven en una fábrica, actualmente hace costura de trajes formales de dama, por ahora recibe cortes y ella hace la costura. El crédito solicitado es para hacer arreglar su máquina de coser.
Cuando se le consulta qué le gusta de Pro Mujer, ella comenta que es el ahorro y compartir en grupo.

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
  • 189
    View loans »
    Bolivia Loans Fundraising
  • $31,027,000
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Arco Iris Group's $2,025 loan helped a member pay for sewing machine repairs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2010
Listed
Nov 16, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011