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Expresso Group
In this Group: Mercedes Justina , Estela, Claudia Rosmery, Ninfa Viviana, Maria, Gonzalo, Hilda, Jhosely Alejandra
The “EXPRESSO” community bank will begin its first cycle with Pro Mujer, as a part of the Villa Exaltación center. It is made up of eight members and is led by a board of directors headed by Mercedes. The community bank's members' businesses are varied. Among them we have: purchasing bricks, making hats. public transport, selling CD’s, and selling comforters, groceries, and baby clothes.

Mercedes indicates that she has been in Pro Mujer for three years, and she entered by asking about financial institutions. At this time, she has a business selling comforters. She has been doing this for two years, learning from her aunt. The loan that she will take out now is to increase her working capital by buying comforters. She buys them in the city of Oruro and sells them with easy payment plans. This work allows her to generate income to support her family. She is married and has four children.

When asked what she likes about Pro Mujer, her answer is the trainings.
View original language description ↓
La A.C. “EXPRESSO” iniciará su primer ciclo en Pro Mujer, como parte del Centro Villa Exaltación, está compuesta por ocho integrantes y está dirigida por una mesa directiva encabezada por la señora Mercedes. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: compra de ladrillo, confección de sombreros, transporte público, venta de CD’s, trabajo de edredones, abarrotes, ropita de bebe.

La señora Mercedes, indica que hace tres años que compone Pro Mujer y que ingreso por preguntando a cerca de financieras. En la actualidad ella tiene un negocio de venta de edredones, que viene trabajando hace dos años atrás aprendiendo el mismo de su tía..

El crédito que ahora sacará es para aumentar su capital de trabajo (compra de edredones), este material lo compra de la cuidad de Oruro y los vende a facilidad de.. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es casada y tiene cuatro hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta 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

  • $5,500
    Average annual income
  • 199
    View loans »
    Bolivia Loans Fundraising
  • $31,040,825
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Expresso Group's $1,825 loan helped a member to increase capital by buying comforters.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2011
Listed
May 23, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011