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Fenix Group
In this Group: Mmonica Matilde, Laura Angélica, Juana, Casimira, Adela, Delia, Benedicta, Betty, Gladys
The communal bank “FENIX” started its first cycle in Pro Mujer in the Juan Pablo neighborhood center. It has nine members and is run by a board led by Monica.
The members have various types of businesses such as:crocheting lingerie, knitting jackets, knitting sweaters, selling salteñas (meat filled pastries), making sweaters, selling detergents, cheese, clothing, salchipapa (fried meat and potatoes), and mobile phones.

Monica says she started the communal association in Pro Mujer a year ago by inviting her friends. She now has a business making and selling salteñas and tucumanas (meat filled pastries) that her parents taught her and she has done for years.

She will use the loan to buy flour, and basic ingredients to make the food: after she prepares it, she will market it where she sells. The business will help her support her family since she lives with her partner and they have a son.

When asked what she likes about Pro Mujer, she says that she likes the training in health and finances.
View original language description ↓
La A.C. “FENIX” iniciará su primer ciclo en Pro Mujer, como parte del Centro Focal Juan Pablo, está compuesta por nueve integrantes y está dirigida por una mesa directiva encabezada por la señora Mónica. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: tejido a groche de enaguas, tejido de chambras, venta de salteñas, costura de chamarras, venta de detergente, venta de queso, venta de ropa, venta de salchipapa, venta de celulares.

La señora Mónica, indica que hace un año que integra una asociación comunal en Pro Mujer, ingresando por invitación de sus compañeros. En la actualidad ella tiene un negocio de elaboración y venta de salteñas y tucumanas que viene trabajando hace años, esta actividad la aprendió de sus padres.

El crédito que ahora sacará es para la compra de harina, materia prima con la que elabora los alimentos; posterior a la elaboración lo comercializará en su espacio de venta. Este negocio le ayuda a apoyar a su familia pues ella vive en concubinato y tiene un hijo.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta las capacitaciones en salud y 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
  • 95
    View loans »
    Bolivia Loans Fundraising
  • $28,198,875
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Fenix Group's $3,250 loan helped a member to buy flour.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Apr 21, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012