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Milluni Group
In this Group: Rosa, Martha Aurelia , Natividad , Benita , Julia, Raquel , Esteban , Amalia
The “Milluni” communal bank will start its first cycle with Pro Mujer as part of the Panamericana Center. It has 8 members led by a governing board headed by Rosa. The members of this communal bank carry out a variety of businesses. Among them are: games sales, vicuña wool textiles, food sales and metal shop.

Rosa indicates that this is the first time she’s joined Pro Mujer and that she was invited by a promoter. She currently has a business making crafts that she’s had for the last 10 years.

The loan she will take out now is to increase her capital (she will buy yarn, wool, etc.) She buys these materials in La Ceja and at the 16 de Julio Market at wholesale. After she completes making the crafts she sells them on order. This way of working allows her to generate income for herself since she’s single.
View original language description ↓
La A.C. “MILLUNI” iniciará su primer ciclo en Pro Mujer, como parte del Centro Panamericana, está compuesta por ocho integrantes y está dirigida por una mesa directiva encabezada por la señora Rosa. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de jugos, artesanía en tejido de vicuñas, venta de comida, cerrajería.

La señora Rosa, indica que es la primera vez que integra Pro Mujer y que ingreso por invitación de una promotora. En la actualidad ella tiene un negocio de elaboración de artesanías, que viene trabajando hace diez años atrás.

El crédito que ahora sacará es para aumentar su capital (compra hilo, lana, etc.), este material lo compra de la Ceja y la 16 de julio, por mayor, posterior a la elaboración lo distribuirá a pedido. Esta forma de trabajo le permite generar recursos para ella, pues es soltera.

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
  • 76
    View loans »
    Bolivia Loans Fundraising
  • $28,055,575
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Milluni Group's $2,050 loan helped a member to buy yarn, wool, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2011
Listed
Jun 24, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012