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Waly Suma Group
In this Group: Teodora, Lidia Angelica, Hilda Cecilia, Lourdes Eulalia, Dominga, Arminda , Juan, Tania Carola , Maruja
The Waly Suma community bank ('Waly suma' means 'very rich' in the Aymara language), is requesting its first loan through the Villa Tejada regional office. The group has 9 members.

The ladies' businesses are all different. They include: selling cooking oil by the liter, making footwear by hand, selling condiments, selling meals, selling tights, selling clothes, selling fruit, selling toys and multicolored cloth, selling meals, making handicrafts and knitting sweaters.

This community bank is managed by a board and at the head of the board is the president, Teodora.

Teodora is an experienced member of the community bank. Although this is her first loan cycle with the Waly Suma community bank, she has had previous experience with loans. Teodora's business is selling fruit, both seasonal fruit and fruit that is available all year round. Her family started the business around fifty years ago. They used to bring fruit from the town of Rio Abajo. Teodora currently buys her fruit in the Rodríguez market in the city of La Paz and then sells it from her stall in the '12 de Octubre' neighborhood, on Calle No. 2 (Street No. 2). Teodora plans to use her loan to buy boxes of apples, mangos and grapes, especially the latter as there is a tradition of eating grapes on New Year's Eve which means that there is a lot of demand for them.
View original language description ↓
La Banca Comunal Waly Suma (en idioma aymara quiere decir “Bien Rico”) está solicitando su primer crédito en el centro focal de Villa Tejada, un total de 9 socias integran este grupo.
Los negocios de las señoras son diferentes, como por ejemplo: venta de aceite comestible a granel, artesanía de calzados, venta de condimentos y venta de comida, venta de medias, venta de ropa, venta de fruta, venta de juguetes y aguayos, venta de comida, artesanía y tejido de chompas.
Esta Banca Comunal está dirigida por una mesa directiva y a la cabeza se encuentra la presidenta, la señora Teodora.

La señora Teodora es una socia con experiencia, si bien es el primer ciclo como Banca Comunal Waly Suma, antes tuvo experiencia en crédito. El negocio de la señora Teodora es la venta de fruta, tanto las frutas que son de la estación como las que se tiene durante todo el año, inició el negocio con su familia hace como cincuenta años, tenían la costumbre de traer fruta de la localidad de Río Abajo, actualmente compra de la ciudad de La Paz del mercado Rodríguez y las vende en su puesto de venta de la zona 12 de Octubre, en la calle Nº 2. Con el crédito la señora Teodora piensa comprar cajas de manzanas, mangas y uvas, especialmente estas últimas, pues existe la costumbre de comerlas en la noche de año nuevo, por lo que hay mucha demanda de las mismas.


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
  • 74
    View loans »
    Bolivia Loans Fundraising
  • $28,685,150
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Waly Suma Group's $2,475 loan helped a member to buy apples, grapes and mangos.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2010
Listed
Dec 22, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011