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Mercedes Group
In this Group: Mary Betty , Carmen , Carmen , Jimena , Rosa, Carmen Rosa , Rita Sonia , Ysabel
The “Mercedes” communal bank will start its fifth cycle in Pro Mujer as part of the Cascada Center. It has 8 members led by a governing board headed by Mary. The communal bank members carry out a variety of businesses. Among them we have: sweater knitting, filter sales, fruit and vegetable sales, book binding, lamb sales, blanket weaving, wool spinning and cattle sales.

Mary indicates that she’s been working with Pro Mujer for two cycles having joined thanks to an invitation from an advisor. She currently has a crafts making business that she learned years ago.

The loan she’ll take out now is to increase capital (to buy a machine and fabric). She will buy them at 16 de Julio and then sell to order. This way of working allows her to generate resources to support her family as best she can since she lives with a spouse and has two children. When asked what she likes about Pro Mujer, she answers that she likes the punctuality.
View original language description ↓
La A.C. “MERCEDES” iniciará su primer quinto 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 Mary. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: tejidos de chompas, venta de filtros, venta de frutas y verduras, encuadernación, venta de corderos, costura de mantas, hilado de lana, venta de ganado.

La señora Mary, indica que hace dos ciclos que trabaja con Pro Mujer, ingresando por invitación de una promotora. En la actualidad ella tiene un negocio de elaboración de artesanias que aprendio hace años.

El crédito que ahora sacará es para aumentar su capital (compra de máquina y telas), que comprara la 16 de Julio y posteriormente lo venderá a pedido. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella vive en concubinato y tiene dos hijos.

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

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
  • $28,867,525
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Mercedes Group's $2,550 loan helped a member to buy a sewing machine and fabric.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2011
Listed
Oct 18, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012