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24 De Mayo Group
In this Group: Isabel , Viviana, Aida , Juana, Isabel*, Juana
* not pictured
The 24 de Mayo" communal bank is starting its first loan cycle through the Villa Adela regional office. It is made up of six members, and Isabel is the chair. The members of the group carry on various businesses, including fiberglass work, spinning vicuña wool, grocery store, bread sales, sewing bedcovers and weaving shawls.

Isabel tells us that this is the first time she has belonged to a communal bank within Pro Mujer, and that she was invited to do so by a field worker. Currently, she has a general store business, the same one she has been working in for several years.

The loan she will be getting now is for increasing her working capital through the purchase of rice, sugar and cooking oil, which she will buy in the traditional markets of El Alto, and then sell at her permanent stand. Working in this way, she helps her family get ahead in life, as she is in a common-law relationship and has two children.

When we ask her what she likes about Pro Mujer, she answers that she likes the health education.

Isabel does not appear in the photo because she was at a medical appointment.
View original language description ↓
La Banca Comunal “24 DE MAYO” inicia su primer ciclo en el Centro Focal de Villa Adela, está compuesta por seis integrantes donde la señora Isabel es la presidenta. Las actividades que desarrollan dentro del grupo son distintos, entre ellos tenemos: trabajo en fibra de vidrio, hilandería de lana de vicuña, tienda de abarrotes, venta de pan, costura de fundas, tejido de mantas.
La señora Isabel cuenta que es la primera vez que integra una Banca Comunal dentro de Pro Mujer y que para esto fue invitada por una promotora; en la actualidad ella tiene un negocio de tienda en general, mismo que trabaja hace varios años.
El crédito que ahora sacará es para aumentar su capital (compra de arroz, azúcar y aceites) los que comprarán de las ferias tradicionales de El Alto y posteriormente lo venderá en su puesto fijo. Esta forma de trabajo apoya a salir adelante a su familia pues ella vive en concubinato y tiene dos hijos.
Cuando le consultamos que le gusta de Pro Mujer, ella nos respondió que le gusta la capacitación en salud.
En la fotografía no esta presente la señora Isabel pues se encontraba en consultamédica

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
  • 77
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 24 De Mayo Group's $1,025 loan helped a member to buy rice, sugar and cooking oil.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2012
Listed
Jun 13, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012