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Mineras Group
In this Group: Dionicia , Flora, Monica, Santusa, Maruja, Rebeca
The “MINERAS” communal bank is initiating its first loan cycle with Pro Mujer, as part of the Alto Lima regional center. It is made up of six members and led by a board of directors, headed by Dionicia. The businesses carried out by the communal bank's members are varied, including: weaving blankets; selling comforters and curtains; weaving vests; making fringe for home decoration and curtains; and tailoring vests.

Dionicia reports that it is her first time working with Pro Mujer, and she joined the institution on the invitation of the promoters. Currently, she has a business weaving blankets; she has been working in this area for years.

The loan she is taking out now is to increase her capital (buying wool). She will acquire the wool from distributing agencies and use it to create her products, which are sold in response to orders. This way of working helps her support her family, since she lives in a common-law marriage and has four children.
View original language description ↓
La A.C. “MINERAS” iniciará su primer ciclo en Pro Mujer, como parte del centro focal Alto Lima, está compuesta por seis integrantes y está dirigida por una mesa directiva encabezada por la señora Dionicia. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: tejido de mantas, venta de edredones y cortinas, tejido de chalecos, elaboración de flecos para living y cortinas, costura de chalecos.

La señora Dionicia, indica que es la primera vez que trabaja en Pro Mujer y que integro la institución por invitación de promotoras. En la actualidad ella tiene un negocio de tejido de mantas que viene trabajando hace años.

El crédito que ahora sacará es para aumentar su capital (compra de lana) que adquirirá de las agencias distribuidoras y posteriormente a la elaboración lo venderá a pedido. Esta forma de trabajo le ayuda a poyar a su familia pues ella vive en unión libre 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

  • $5,500
    Average annual income
  • 179
    View loans »
    Bolivia Loans Fundraising
  • $30,784,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Mineras Group's $1,475 loan helped a member to buy wool.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2012
Listed
Jan 27, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012