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Formidables Group
In this Group: Lucia Filomena, Rosario Dora, Sabino Rolando, Maria Del Carmen, Elis Regina, Jhovana, Rocio Ingrid, Angela
The “FORMIDABLES” Communal Bank will begin its first round in Pro Mujer, it will be part of Focal de Los Andes Centre, and it is a very enthusiastic group. It is comprised of 9 women and 1 man. The businesses that they run are diverse, among them: movie DVD sales, toy sales, book sales, a grocery store, domestic electrical goods sales and a nursing service.

The Bank has a board of directors that is comprised of their President, Lucia, their Treasurer, Rosario and Sra María del Carmen as Secretary.

Lucia, the president of the communal bank, reports that she lives with her partner and is a mother to three children. For just over the last six months her business has involved selling videos. She sells her wares 5 days a week by peddling at fairs in El Alto city, Zona de Rio Seco and Zona de 16 de Julio,

Lucia's requested loan will allow her to purchase merchandise.

When asked what it is that she likes about Pro Mujer, she replies the opportunity to share with her group and the savings.
View original language description ↓
La A.C. “FORMIDABLES” iniciará su primer ciclo en Pro Mujer, será parte del Centro Focal de Los Andes, es un grupo muy entusiasta. Está compuesta por diez integrantes, 9 mujeres y 1 varón. Los negocios que ellas desempeñan son variados, entre ellos tenemos: venta de péliculas en DVD`s, venta de juguetes, librería, tienda de abarrotes, venta de electrodomésticos,servicio de enfermería.

La asociación cuenta con una mesa directiva que esta compuesta por una presidenta la señora Lucia, una tesorera la señora Rosario y la señora María del Carmen como secretaria de actas.

La señora Lucia, presidenta de la banca comunal, indica que vive con su pareja y que es madre de tres hijos, su negocio es la venta de videos desde hace mas de seis anos. Las ventas son realizadas en las ferias de la ciudad de El Alto, el Zona de Rio Seco y la Zona de 16 de Julio, cinco dias a la semana, trabaja de manera ambulante.

El crédito que ha solicitado la señora Lucía le permitirá comprar mercaderia.

Cuando se le consulta que le gusta de Pro Mujer, ella comenta que es la oportunidad de compartir con su grupo 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

  • $2,817
    Average annual income
  • 107
    View loans »
    Bolivia Loans Fundraising
  • $30,295,750
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Formidables Group's $2,175 loan helped a member to purchase merchandise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2011
Listed
Feb 8, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011