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El Paraiso Group
In this Group: Teodora , Sirley Sulema, Maria , Virginia , Magy Marcela , Eleuteria, Monica, Nicolasa
The El Paraiso Community Bank will begin its first loan cycle with Pro Mujer as part of the Panamericana regional office. There are eight members in the group led by a Board of Directors headed by Sra. Teodora. The members have a variety of businesses such as selling fast food, running a hardware store, weaving blankets, spinning yarn from vicuna wool, selling coca leaves, and selling chili peppers.

Sra. Agustina began working with Pro Mujer a year ago. She joined the institution at the invitation of another member. Currently she runs a business selling chili peppers as well as other businesses she has had for several years.

The loan she is seeking is for working capital so that she can buy more chilis from la Ceja which she will then sell in various markets. The income from her business enables her to support her family; she lives with her partner and their two children. Agustina tells us that she most enjoys the service provided by and the meetings organised by Pro Mujer.
View original language description ↓
La A.C. “EL PARAISO” iniciará su primer ciclo en Pro Mujer, como parte del centro focal Panamericana, está compuesta por ocho integrantes y está dirigida por una mesa directiva encabezada por la señora Teodora. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de comida rápida, ferretería de herramientas, tejidos de mantas, hilado de lana de vicuña, tejido de mantas, venta de coca, comercio de ají y otros.

La señora Agustina, indica que hace un año trabaja en Pro Mujer y que integro la institución por invitación de una socia. En la actualidad ella tiene un negocio de vent5a de ají y otros que viene trabajando hace años.

El crédito que ahora sacará es para aumentar su capital (compra de ají) que adquiere de la Ceja y posteriormente lo venderá en las ferias. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella vive en unión libre y tiene dos hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta la atención y las reuniones.

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
  • 73
    View loans »
    Bolivia Loans Fundraising
  • $28,639,275
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of El Paraiso Group's $2,725 loan helped a member to buy chilis.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2011
Listed
Dec 19, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 24, 2012