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15 De Agosto Group
In this Group: Edna, Amalia, Paulino, Marina, Valentina, Julia, Marcelina, Isidora
The “15 de Agosto” (August 15) communal bank has 8 members: 7 women and one man. They decided to join together to seek credit, training and health services. This communal bank is part of the Cascada focal center. They are starting cycle #10.

Each member has her own different type of business, such as: vegetable street vendor, woven crafts, sportswear making, macramé crafts, Internet, clothing sales and daily meal services.

For its organization, the 15 de Agosto communal bank has a governing board composed of a President, Edna, a Treasurer, Isidora, and a Recording Secretary, Marina.

The President, Edna, is a 29 year old woman living with her three children. Her business is gold chain crafts. She comments that she started the business with a girl friend 8 years ago. She buys the gold from a firm and makes crafts on order.

Madame President is joining Pro Mujer as a client for the first time. When she is asked what she likes best about the institution she answers: the training.
View original language description ↓
La Banca Comunal”15 de Agosto”, es un grupo de 8 personas, 7 mujeres y un varón, decidieron unirse para recibir crédito, capacitación y atención en salud. Esta Banca Comunal es parte del centro focal de Cascada, están iniciando su ciclo número diez.
Cada una de ellas tienen negocios propios, de diferentes tipos, como ser: venta ambulante de verduras, artesanía – hilados, costura de deportivos, artesanía de macramé, Internet, venta de ropa, servicio de pensión.

Para su organización, la “B. C. 15 de Agosto” cuenta con una mesa directiva integrada por una presidenta, la señora Edna, una tesorera, la señora Isidora y una secretaria de actas, la señora Marina.

La Presidenta, la señora Edna, es una mujer de 29 años de edad, vive con sus tres hijos. El negocio de la señora Edna es artesanía de cadenas de oro, ella comenta que inicio el negocio con una amiga hace ocho años.
Actualmente compra el oro de una empresa y elabora las artesanías a pedido.

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 capacitación.

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
  • 85
    View loans »
    Bolivia Loans Fundraising
  • $29,017,150
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 15 De Agosto Group's $2,250 loan helped a member to buy raw material: gold.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2011
Listed
Feb 4, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011