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Nueva Ilusion Group
In this Group: Valentina, Celia, Zenobia, Rosa Ana, Emilia, Lucia, Mariana, Cristina
The Communal Bank “Nueva Ilusión” from Cascada is seeking its first loan; this group has 8 members.

The women have different businesses, for example: selling traditional skirts and macramé items, hardware stand, selling food, selling keys, shoe store, selling perfume, making traditional skirts, and handicrafts of cloaks, macramé and traditional skirts.

This Communal Bank is directed by an executive board, and the leader is the president, Mrs. Valentina.

Mrs. Valentina has a home with her husband and three children. Mrs. Valentina’s business is making traditional skirts and cloaks. She says that when there isn’t a demand for products she works moving bricks.

She learned to make traditional skirts because this was her dream as a little girl; now she does it as a business, generally based on customer orders. Her loan for Bs. 2000 will be used to buy the fabric, button loops, and sack cloth.

When we asked Mrs. Valentina why she likes Pro Mujer she responded that it is the savings and health services.
View original language description ↓
La Banca Comunal NUEVA ILUSION está solicitando su primer crédito en el centro focal de Cascada, un total de 8 socias integran este grupo.
Los negocios de las señoras son diferentes, como por ejemplo: venta de polleras y macramé, puesto de ferretería, venta de comida, venta de llaves, zapatería, venta de perfumes, confección de polleras, artesanía de mantas y macramé y polleras.

Esta Banca Comunal está dirigida por una mesa directiva y a la cabeza se encuentra la presidenta, la señora Valentina.

La señora Valentina tiene un hogar conformado por su pareja y tres hijos. El negocio de la señora Valentina es la elaboración de polleras y mantas, sin embargo comenta que cuando no hay demanda de estos productos ella se dedica al traslado de ladrillos.
Ella aprendió a elaborar polleras porque fue su deseo desde que era niña, ahora lo hace como negocio, generalmente como encargo de sus clientes. Su crédito de Bs. 2000 será utilizado para la compra de tela, presilla y basta.
Cuando le consultamos a la señora Valentina sobre lo que le gusta de Pro Mujer ella responde que es el ahorro y el consultorio de salud.

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
  • 109
    View loans »
    Bolivia Loans Fundraising
  • $29,146,750
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Ilusion Group's $2,200 loan helped a member buy fabric, button loops, sack cloth.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2010
Listed
Dec 23, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011