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Retamas Group
In this Group: Betzabe Virginia, Epifania, Ruth Vicky , Virginia , Lourdes, Justa, Teodora, Flora Olivia
The communal bank "Retamas" will begin its third loan cycle with Pro Mujer through the Centro Villa Exaltación branch office. The group is composed of eight members and is managed by an executive board which has Señora Lourdes as its secretary. The group members' businesses are varied and linclude a store, vegetable sales, planting vegetables, making sports clothing, and selling coffee.

Señora Lourdes tells us that she began working with Pro Mujer three years ago at the invitation of a friend. She now has a confectionary business, which she has been working in for four years, after learning the trade from her sister, who encouraged her to open her business.

The loan that she will take out now will increase her working capital so that she can buy sweets and the ingredients to make them, which she buys on Palenque street (a commercial street in the city of El Alto) and will sell as a walking vendor every day from 9 am to 7 pm. This form of work permits her to generate resources to support her family as much as possible, since she lives in a common law marriage and has five children.

When she is asked what she likes about Pro Mujer, she responds that she likes the advice and the training sessions.
View original language description ↓
La A.C. “RETAMAS” iniciará su tercer ciclo en Pro Mujer, como parte del Centro Villa Exaltación, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde tiene como secretaria a la señora Lourdes. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: Tienda, venta de verduras, sembradío de verduras, confección de deportivos, venta de café.

La señora Lourdes, indica que hace tres años atrás trabajaba con Pro Mujer por invitación de una amiga. En la actualidad ella tiene un negocio de confitería, que viene trabajando hace cuatro años atrás aprendiendo el mismo de su hermana quien le alentó para que abra su negocio.

El crédito que ahora sacará es para aumentar su capital de trabajo (compra de dulces y material para su elaboración), que compra de la calle Palenque (calle comercial de la Cuidad de El Alto) y los venderá de forma ambulante, todos los días de 9:00 a 19:00. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella vive en unión libre y tiene cinco hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el consultorio y las capacitaciones.

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
  • 236
    View loans »
    Bolivia Loans Fundraising
  • $31,587,350
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Retamas Group's $1,625 loan helped a member compra de dulces y material para su elaboración.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2011
Listed
May 28, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011