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Corazon De Oro Group
In this Group: Francisca Aurora, Juana , Magdalena, Paulina , Betty Petrona, Filomena, Fidelia, Jacinta
The communal bank "Corazon de Oro" is starting its first loan cycle in the Villa Tejada central offices of Pro Mujer. This group has 8 members, and Francisca is the president. The group has a variety of businesses that they are developing, including: selling lubricants, selling buttons, selling turnovers, weaving blankets, sewing jackets, selling coffee, knitting sweaters, and selling batteries.

Francisca says that she joined her communal bank in Pro Mujer 8 years ago at the invitation of a relative. She now has a business selling lubricants. She learned this business from her husband, who is a mechanic, and she's been doing this work for a number of years. This loan will be used to increase her working capital. She will purchase motor oils from the distributors, and later sell them from her sales location. This type of work helps her to support her family; she is married and has 6 children.

When asked what she likes about Pro Mujer, she answered that she likes the health services.
View original language description ↓
La Banca Comunal “CORAZON DE ORO” inicia su primer ciclo en el Centro Focal de Villa Tejada, está compuesta por ocho integrantes donde la señora Francisca es la presidenta. Las actividades que desarrollan dentro del grupo son distintos, entre ellos tenemos: venta de lubricantes, venta de chapas, venta de salteñas, tejido de mantas, costura de chamarras, venta de café, tejido de chompas, venta y compra de baterías.
La señora Francisca cuenta que hace ocho años que integra una Banca Comunal dentro de Pro Mujer y que para esto fue invitada por una familiar; en la actualidad ella tiene un negocio tienda de lubricantes, mismo que trabaja hace varios años aprendiendo el mismo de su esposo ya que este es mecánico.
El crédito que ahora sacará es para aumentar su capital (compra de aceites) los que comprarán de las empresas distribuidoras y posteriormente lo venderá en su espacio de venta. Esta forma de trabajo apoya a salir adelante a su familia pues ella es casada y tiene seis hijos.
Cuando le consultamos que le gusta de Pro Mujer, ella nos respondió que le gusta el área de salud.

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
  • 183
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Corazon De Oro Group's $3,500 loan helped a member to buy motor oil.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2012
Listed
Jun 13, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012