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Nuevo Arco Iris Group
In this Group: Hilda, Zenobia, Brigida Cecilia, Mario Teofilo, Maria Elena, Patricia, Catalina Braulia, Jhenny Estefany
The “NUEVO ARCO IRIS” (New Rainbow) communal bank will start its fifth cycle in Pro Mujer as part of the Villa Tejada Center. It has 8 members and is led by a governing board headed by Hilda. The communal bank’s members carry out a variety of businesses such as: clothing sales, mattress manufacturing, merchandise purchases, replacement parts purchases, wool weaving, snack sales and stuffed toy sales.

Hilda indicates that she’s been working with Pro Mujer for 11 years having joined thanks to an invitation from a friend. She currently has a business selling books that she started thanks to her older sister who is in the same business. She’s been in business for nine years.

The loan she’s taking out now will be used to buy books: books, fables, coloring books, that she’ll buy in Desaguadero and also at wholesale in large stores in La Ceja as well as others that are delivered to her stand. She then will sell them on Tiwanacu Street (El Alto’s commercial street) every day from 3-9pm. This way of working allows her to generate income to help her family in whatever way possible because she lives in an unmarried relationship state and has five children.

When asked what she likes about Pro Mujer, she answers that she likes the training, the health services and business.
View original language description ↓
La A.C. “NUEVO ARCO IRIS” iniciará su quinto ciclo en Pro Mujer, como parte del Centro Villa Tejada, está compuesta por ocho integrantes y está dirigida por una mesa directiva encabezada por la señora Hilda. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de ropa , fabricación de colchones, compra de mercadería, compra de repuestos, tejido en lana, venta de tostado, venta de peluches.

La señora Hilda, indica que hace once años que trabaja con Pro Mujer, ingresando por invitación de una amiga. En la actualidad ella tiene un negocio de venta de libros, el que inicio por intermedio de su hermana mayor que tiene el mismo negocio, lo viene realizando hace nueve años atrás.

El crédito que ahora sacará es para la compra de libros: libros, fábulas, obras, cuentos para pintar, los que comprará del Desaguadero y también por mayor de las galerías de la Ceja y otros que le dejan en el puesto. Posteriormente los venderá en la calle Tiwanacu (calle comercial de la ciudad de El Alto) todos los días, desde las 15:00 a 21:00. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella vive en concubinato y tiene cinco hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta la capacitación en salud y negocios.

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
  • 196
    View loans »
    Bolivia Loans Fundraising
  • $31,028,500
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Arco Iris Group's $2,325 loan helped a member to buy books.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2011
Listed
Apr 13, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011