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Flor Kantuta Group
In this Group: Martha, Lucia , Virginia, Blanca Albertina , Enrique , Ayda , Bertha, Martha , Ana Patricia
The Communal Bank “Flor Kantuta” is starting its sixth loan cycle with Pro Mujer as part of the Germán Busch Community Center. The group consists of nine members and is led by a Board of Directors headed by Sra. Martha, the woman wearing a white shawl over her dress. The members of the Communal Bank engage in different businesses in order to get ahead such as managing a cafeteria, selling cosmetics, working as a caretaker, sewing aprons, selling food, selling “salchipapas” (sausages and potatoes), and working as a chauffeur.


Sra. Martha says that she joined a Communal Bank and Pro Mujer six years ago after receiving an invitation. She currently has a business in which she sells food.


The loan she is receiving now will be used to increase her capital for buying rice, noodles, flour, and other items. Working in this manner makes it possible for her to generate income to support her family. Martha is single and has three children.


In the photograph, Don Enrique does not appear because his culture does not allow it. However, a cousin of one of the members does appear with the group.

View original language description ↓
La A.C. “FLOR KANTUTA” iniciará el ciclo número seis en Pro Mujer, como parte del Centro Focal de Germán Busch. Está compuesta por nueve integrantes, la asociación comunal está dirigida por una mesa directiva a la cabeza de la señora Martha quien se encuentra de vestida con manta blanca. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: atención de cafetería, venta de cosméticos, portería, costura de mandiles, venta de comida, venta de salchipapas, chofer.

La señora Martha indica que hace seis años que integra una asociación comunal en Pro Mujer, ingresando por invitación. En la actualidad ella tiene un negocio de venta de comida.

El crédito que sacará ahora es para el aumento de capital (compra de arroz, fideo harina, etc.). Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es soltera y tiene tres hijos.

En la fotografia no encontramos a Don Enrique porque su cultura no le permite; pero acompaña al grupo la prima de una de las socias

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
  • 93
    View loans »
    Bolivia Loans Fundraising
  • $28,715,675
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor Kantuta Group's $2,625 loan helped a member to buy rice, noodles, flour, and other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2011
Listed
Jul 25, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012