Check out some available loans that are similar to this one!
Milagrosa Group
In this Group: Pascuala, Domitila, Beatriz, Sonia , Betty, Mery Marisol , Patricia Daysi, Elena, Janeth Lourdes
The Milagrosa Communal Bank will begin its fifth cycle with Pro Mujer as part of its focus on the Andes. It is made up of 9 members and it is led by a board of directors that is headed by Pascuala. The communal bank members have many different businesses, such as knitting sweaters, making hats, selling clothing, running corner stores, selling Delicia brand products, and knitting skirts.

Pascuala has worked for Pro Mujer for two years and she joined the institution because she was invited to by a friend. She currently has a handicrafts business knitting sweaters that she has been working at for five years. She learned how to run this business at a training center.

The loan she is taking out now is to increase her working capital to buy wool that she will get at the Festival of La Paz on July 16 and that she will later sell on request. This kind of work allows her to generate resources to support her family, as she is married with seven children.

When asked what it is she likes about Pro Mujer, her response is that she likes the training area.
View original language description ↓
La A.C. “MILAGROSA” iniciará su quinto ciclo en Pro Mujer, como parte del centro focal Los Andes, está compuesta por nueve integrantes y está dirigida por una mesa directiva encabezada por la señora Pascuala. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: tejido de chompas, producción de sombreros, venta de ropa, tienda de barrio, vendedor de productos delicia, tejido de enaguas.

La señora Pascuala, indica que hace dos años que trabaja en Pro Mujer y que integro la institución por invitación de una compañera amiga. En la actualidad ella tiene un negocio de artesanías (tejido de chompas) que viene trabajando hace cinco años atrás aprendiendo el mismo en un centro de aprendizaje.

El crédito que ahora sacará es para aumentar su capital (compra de lana) que adquirirá de la feria 16 de Julio y que posteriormente lo comercializa a pedido. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella casada y tiene siete hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el área de 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
  • 79
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Milagrosa Group's $2,400 loan helped a member to buy wool.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2011
Listed
Sep 18, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012