A loan of $2,325 helped a member to buy books.

Nuevo Arco Iris Group's story

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.

In this group: Hilda, Zenobia, Brigida Cecilia, Mario Teofilo, Maria Elena, Patricia, Catalina Braulia, Jhenny Estefany

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Translated from Spanish by Kiva volunteer Polliz

Loan details

Lenders and lending teams

Loan details