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Arco Iris Group
In this Group: Martha, Martha, Dionicia, Victoria Justa, Jeanette Pamela, Luz Maria, Yachelin Paula, Carolina
The 'Arco Iris' (Rainbow) community bank is a group of 8 women who decided to join together to access loans, training and health services. This community bank is part of the Senkata regional office. They are beginning their first loan cycle.

Each one of the group's members has her own business such as: selling CDs, selling meals, selling beer, knitting blankets, selling 'salchipapas' (traditional fast food) and cosmetics, and selling watches.

The 'Arco Iris' community bank has a board of directors which is made up of a president (Martha), a treasurer (Victoria) and a secretary (Carolina).

The group's president, Martha, is 42 years old. She lives with her partner and four children. Martha's business is knitting sweaters by hand. She tells us that her mom taught her to knit when she was young. She has been working formally in this business for eight years. She currently knits to order for stores and other sales locations. She is requesting a loan for 2,000 bolivianos which she will use to buy a knitting machine.

Martha is a first-time client of Pro Mujer and, when we asked her what she likes about the institution, she replied "the medical services and the savings".
View original language description ↓
La Banca Comunal ARCO IRIS, es un grupo de 8 mujeres que han decidido unirse para recibir crédito, capacitación y atención en salud. Esta Banca Comunal es parte del centro focal de Senkata, están iniciando su primer ciclo.
Cada una de ellas tienen negocios propios, de diferentes tipos, como ser: venta de CD´s, venta de comida, venta de cerveza, tejido de mantas, venta de salchipapas y cosméticos, venta de relojes.
Para su organización, la B.C. ARCO IRIS cuenta con una mesa directiva integrada por una presidenta, la señora MARTHA, una tesorera, la señora VICTORIA y una secretaria de actas, la señora CAROLINA.

La Presidenta, la señora Martha, es una mujer de 42 años de edad, vive con su pareja y sus cuatro hijos. El negocio de la señora Martha es el tejido de chompas a mano, ella comenta que aprendió a tejer cuando era pequeña, su mamá fue quien le enseñó. Formalmente, trabaja en este rubro desde hace ocho años. Actualmente teje a pedido para tiendas y puestos. La solicitud que ha presentado es por Bs.2000.-, monto de dinero que le servirá para la compra de una máquina de tejer.
La señora presidenta está ingresando como cliente a Pro Mujer por primera vez, cuando se le consulta que es lo que le gusta de la institución, ella responde la atención médica y el ahorro.

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
  • 178
    View loans »
    Bolivia Loans Fundraising
  • $30,784,250
    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 $2,175 loan helped a member to buy a knitting machine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 30, 2010
Listed
Jan 11, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011