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18 De Mayo Group
In this Group: Sipriana, Maruja, Margarita, Cristina, Aquilina, Corina, Romelia, Raymunda
The Communal Bank "18 de Mayo" (May 18th) is starting its first loan cycle as part of the Senkata Community Center. The group consists of eight members and is led by Sra. Sipriana as its president. The members of the group engage in different businesses such as selling clothing and woven blankets made of vicuña wool, making "salchipapas" (fried sausages and potatoes), selling food, managing a neighborhood store, recycling scrap metal, and selling turnovers.


Sra. Sipriana says that this is the first time she has joined a Communal Bank with Pro Mujer after being invited by her sister. She currently has a woven blanket business. Sipriana has been in this business for several years and learned this trade from her friends. The loan she is receiving now will be used to diversify her products (with pieces of pre-cut fabric) that she will buy at the traditional fairs of La Paz and then sell woven from her permanent stand. Working in this manner, enables her to move her family forward. Sipriana is in a common-law relationship and has three children.


When asked what she likes about Pro Mujer, Sipriana said that she enjoys the health classes and the loans.

View original language description ↓
La Banca Comunal “18 DE MAYO” inicia su primer ciclo en el Centro Focal de Senkata, está compuesta por ocho integrantes donde la señora Sipriana es la presidenta. Las actividades que desarrollan dentro del grupo son distintos, entre ellos tenemos: venta de ropa y tejido de mantas de vicuña, salchipapas, venta de comida, tienda de barrio, reciclaje de chatarra, venta de tucumanas,
La señora Sipriana cuenta que es la primera vez que integra una Banca Comunal dentro de Pro Mujer y que para esto fue invitada por su hermana; en la actualidad ella tiene un negocio de tejido de mantas, mismo que trabaja hace varios años aprendiendo el mismo de sus amigas.
El crédito que ahora sacará es para diversificar su producto (compra de cortes de tela) los que comprarán de las ferias tradicionales de La Paz y posterior al tejido lo comercializará en su puesto fijo. Esta forma de trabajo apoya a salir adelante a su familia pues ella vive en unión libre y tiene tres hijos.
Cuando le consultamos que le gusta de Pro Mujer, ella nos respondió 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
  • 124
    View loans »
    Bolivia Loans Fundraising
  • $30,305,725
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 18 De Mayo Group's $2,700 loan helped a member to buy pre-cut fabrics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2012
Listed
Jun 13, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012