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Virgen De Candelaria Group
In this Group: Catalina Lydia , Elizabeth, Jackeline Micaela, Cecilia , Filomena, Eusebia Virginia , Flora , Viviana Jacqueline, Diomendes Mario , Viviana Carmen
The “VIRGEN DE CANDELARIA” community bank are about to start their first loan cycle with Pro Mujer as part of the Copacabana regional office. The group has ten members and is managed by a board of directors which is led by Catalina. The businesses that the members of the bank are engaged in are varied and include selling 'salchipapas' (traditional fast food), selling handicrafts, running a bakery, selling food, selling tickets and running a neighborhood store.

Catalina says that this is her first loan cycle with Pro Mujer. She joined through an invitation from a loan officer and promotional work. She currently runs a neighborhood store where she has been working for five years.

Catalina will use this loan to increase her capital (buying oil and canned goods). She will buy her goods from a supplier in Copacabana and sell them in her establishment. This work enables her to make income with which to support her family. Catalina is single and has two children.

When we asked her what she likes about Pro Mujer, Catalina replied that she likes the friendship of her fellow community bank members.
View original language description ↓
La A.C. “VIRGEN DE CANDELARIA” iniciará su primer ciclo en Pro Mujer, como parte del Centro de Copacabana, está compuesta por diez integrantes y está dirigida por una mesa directiva encabezada por la señora Catalina. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de salchipapas, venta de artesanías, panadería, venta de comida, venta de boletos, tienda de barrio.

La señora Catalina, indica que este es el primer ciclo que trabaja con Pro Mujer, ingresando por invitación del asesor y promoción. En la actualidad ella tiene un negocio de tienda de barrio, que viene trabajando hace cinco años atrás.

El crédito que ahora sacará es para aumentar su capital (compra de aceite y conservas), que comprara de la distribuidora de Copacabana misma y lo comercializará en su establecimiento. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es soltera y tiene dos hijos.

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

  • $5,500
    Average annual income
  • 188
    View loans »
    Bolivia Loans Fundraising
  • $30,938,000
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Candelaria Group's $2,525 loan helped a member to buy oil and canned goods.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2011
Listed
Aug 21, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012