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Promesa Group
In this Group: Eva, Acencia , Yhoselyn, Mery , Benita Maria, Dionicia , Pascuala
The communal bank "Promesa" will start its first loan cycle with Pro Mujer, working out of the Germán Busch central office. This group has 7 members, and is led by a board of directors headed by Eva. The members of this communal bank have a variety of businesses, such as: a grocery store, selling furniture, knitting caps, selling children's books, knitting blankets, selling clothing, and making and selling rattles.

Eva says that this is the first time that she has worked with Pro Mujer. She joined the institution at the invitation of a loan officer. She currently has a business buying and selling used furniture. She's been doing this work for years, and she learned the trade from her friend.

The loan that she will take now will be used to increase her capital, so that she can buy furniture in La Paz, and later sell it in the markets. This type of work allows her to generate resources to support her family. She is married and has 4 children.
View original language description ↓
La A.C. “PROMESA” iniciará su primer ciclo en Pro Mujer, como parte del centro focal Germán Busch, está compuesta por siete integrantes y está dirigida por una mesa directiva encabezada por la señora Eva. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: tienda de barrio, venta de muebles, tejidos de gorras, venta de libros para niños, tejido de mantas, venta de ropa, venta y elaboración de matracas.

La señora Eva, indica que es la primera ves que trabaja en Pro Mujer y que integro la institución por invitación de la promotora. En la actualidad ella tiene un negocio de compra y venta de muebles usados que viene trabajando hace años, aprendiendo este oficio de su amiga.

El crédito que ahora sacará es para aumentar su capital (compra de muebles) que comprará de La Paz y posteriormente lo venderá en las ferias. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella es casada y tiene cuatro hijos.

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
  • 101
    View loans »
    Bolivia Loans Fundraising
  • $29,504,650
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Promesa Group's $1,700 loan helped a member to buy furniture to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2012
Listed
Jan 22, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 24, 2012