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Unión Progreso Group
In this Group: Basilia, Ofelia Sonia , Martha Flavia, Felipa Beatriz, Juana, Felipa, Elda, Feliza
The communal bank "UNIÓN PROGRESO" is in its second cycle of the Pro Mujer program at the Germán Busch social center. The group is comprised of eight members and the board of directors is chaired by Mrs. Basilia. The communal bank's members all have different businesses, among which are sales of food sales, fruit, softdrinks, vegetables, ornamental metal plates, mesh and pastry.

Basilia has been working with Pro Mujer for two years and she joined the institution by invitation from a friend. She has a macramé blanket business which she has been in for several years.

The loan she is requesting is to increase her working capital to buy fabric in La Paz. She will then sell her finished products at markets in other departments. This type of work allows her to generate an income to support her family. She lives with her common-law husband and three children.

When asked what she likes about Pro Mujer, she says it is the loan program.
View original language description ↓
La A.C. “UNIÓN PROGRESO” iniciará su segundo ciclo en Pro Mujer, como parte del centro focal Germán Busch, está compuesta por ocho integrantes y está dirigida por una mesa directiva encabezada por la señora Basilia. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de comida, salchipapa, venta de fruta, venta de fresco, venta de verduras, taller de chapería, venta de engranes, venta de pasteles.

La señora Basilia, indica que hace dos años que trabaja en Pro Mujer y que integro la institución por invitación de una amiga. En la actualidad ella tiene un negocio de tejido en macramé a mantas que viene trabajando hace años.

El crédito que ahora sacará es para aumentar su capital (compra de tela) que comprará de La Paz y posteriormente a la elaboración lo venderá en las ferias y otros departamentos. Esta forma de trabajo le permite generar recursos para apoyar a su familia, pues ella vive en concubinato y tiene tres hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el 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

  • $2,817
    Average annual income
  • 75
    View loans »
    Bolivia Loans Fundraising
  • $28,685,150
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Unión Progreso Group's $2,475 loan helped a member to buy fabric.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2012
Listed
Jan 25, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 24, 2012