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Nuevo Amanecer Group
In this Group: Margarita Marisol , Janneth, Noemi Adelaida, Miguelina , Eugenia Elena, Sonia Geanette, Reyna Maria, Patricia
The Communal Bank “Nuevo Amanecer” (New Dawn) is starting its first loan cycle with Pro Mujer as part of the Santiago II Community Center. The group consists of eight members and is led by a Board of Directors headed by Sra. Margarita. The members of the Communal Bank engage in different businesses in order to get ahead such as making handcrafted shoes, operating a neighborhood store, selling Herbalife products, driving a minibus, hairdressing, managing an Internet café, and selling movies.


Sra. Margarita said that this is the first time she has worked with Pro Mujer. She joined the organization after being invited by friends who wanted to start a group. Margarita currently manages a neighborhood store that she established three years ago. She learned this trade from her parents.


The loan she is receiving now will be used to increase her capital for buying rice, sugar, noodles, and other products. She buys her merchandise from a distributor in the neighborhood of La Ceja and sells in the same area. Working in this manner enables her to generate income to support her family as much as possible. Margarita is single and has one child.


When asked what she likes about Pro Mujer, Margarita said she enjoys the constant availability of training seminars.

View original language description ↓
La A.C. “NUEVO AMANECER” iniciará su primer ciclo en Pro Mujer, como parte del Centro Santiago II, está compuesta por ocho integrantes y está dirigida por una mesa directiva encabezada por la señora Margarita. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: Artesanías en calzados, tienda de barrio, venta de Herbalai, nimibus, peinadora, negocio de Internet, venta de películas.

La señora Margarita, indica que este es el primer año que trabaja con Pro Mujer, ingresando por invitación de amigas para formar un grupo. En la actualidad ella tiene un negocio de tienda de barrio, que viene trabajando hace tres años atrás, aprendiendo el mismo de sus padres.

El crédito que ahora sacará es para aumentar su capital (compra de arroz, azúcar, fideo, etc.), que comprara de la distribuidora de la Ceja y lo comercializará en la misma zona. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es soltera y tiene un hijo.

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

  • $2,817
    Average annual income
  • 74
    View loans »
    Bolivia Loans Fundraising
  • $28,619,700
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer Group's $2,075 loan helped a member to buy rice, sugar, noodles, and other products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 22, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012