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Hormiguitas De Palcoco Group
In this Group: Angelica, Maria Elena, Julia , Ruth, Lucy, Luz Esperanza, Ruth Ana , Antonia
The Communal Bank “Hormiguitas de Palcoco” (Little Ants of Palcoco) is starting its eleventh loan with Pro Mujer as part of the Panamericana Community Center. This group consists of eight members who are led by a Board of Directors headed by Sra. Angélica, who is the president. The members of this Communal Bank engage in different businesses to get ahead such as managing a neighborhood store, selling bedspreads, selling food, selling beer, selling eggs, and selling meat.


Sra. Angélica says that this is the first time she has worked with Pro Mujer. She joined the organization after being invited by a local promoter. Angélica currently has a business making and selling “tullmas” (decorations for the pleats on women’s skirts) for 10 years. She learned this skill from her mother.


The loan she is receiving will be used to increase her capital for buying wool and a spinning machine that she will acquire at the July 16th fair so that she can make her products to sell at the community fairs. Working in this manner has enabled her to generate income to support her family. Angélica is single and has two children.


When asked what she likes about Pro Mujer, Angélica said that she enjoys the health classes and the loans.

View original language description ↓
La A.C. “HORMIGUITAS DE PALCOCO” iniciará su décimo primer ciclo en Pro Mujer, como parte del centro focal Panamericana, está compuesta por ocho integrantes y está dirigida por una mesa directiva de la cual la señora Angélica es la presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: Tienda de barrio, venta de colchones, venta de comida, venta de cerveza, venta de huevos, venta de carne.

La señora Angélica, indica es la primera ves que trabaja en Pro Mujer y que integro la institución por invitación de una promotora en la zona. En la actualidad ella tiene un negocio de elaboración y venta de tullmas (adornos para el trenzado de las mujeres de pollera) que viene trabajando has diez años atrás, aprendiendo el mismo de su mama.

El préstamo que sacará es para aumentar su capital (compra de lana y máquina de hilar) que adquirirá de la feria 16 de julio y posterior a la elaboración de sus productos los venderá en las ferias de su comunidad. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues es soltera y tiene dos hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta la capacitación en salud y crédito.

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
  • 181
    View loans »
    Bolivia Loans Fundraising
  • $30,854,225
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Hormiguitas De Palcoco Group's $1,750 loan helped a member to purchase wool and a spinning machine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2011
Listed
Sep 26, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012