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Suma Pancara Group
In this Group: Elena , Vilma Valeria , Fabiana , Mery Marlene , Eliseo Roy, Petrona , Betty, Natty
The SUMA PANCARA community bank is starting on its first round of funding from Pro Mujer as part of the Centro Cascada. The group has eight members and is managed by a board lead by Sra. Elena. The members operate businesses such as: alpaca wool sales, fruit sales, bread sales, toy sales and sewing services.

Sra. Elena, who says this is the first time that she has worked with Pro Mujer, was invited to join the group. She has operated a business selling vicuna thread for four years.

Sra. Elena will use this loan to increase her working capital (for buying vicuna wool). She will buy the wool in 16 de Julio, turn it into thread and sell it at local markets. The business generates an income that helps to support her family. She is married and has two children.

When we asked her what she likes about Pro Mujer, she answered that she likes the loans.
View original language description ↓
La A.C. “SUMA PANCARA” iniciará su primer ciclo en Pro Mujer, como parte del Centro Cascada, está compuesta por ocho integrantes y está dirigida por una mesa directiva encabezada por la señora Elena. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de lana de alpaca, venta de fruta, venta de pan, venta de peluches, costura de deportivos, costura de pantalones.

La señora Elena, indica que esta es la primera ves que trabaja con Pro Mujer, ingresando por invitación. En la actualidad ella tiene un negocio venta de hilado de vicuña, que viene trabajando hace cuatro años.

El crédito que ahora sacará es para aumentar su capital (compra de lana de vicuña), que comprara de la 16 de julio y posteriormente elaborado su producto lo venderá en las ferias. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es casada y tiene dos hijos.

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

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
  • $30,126,850
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Suma Pancara Group's $1,700 loan helped a member to buy wool for her crafts business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2011
Listed
Aug 20, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012