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Kantutas De Los Andes Group
In this Group: Marcelina, Teresa Hortencia, Wilma, Wilma , Danitza Laura, Felipa , Jannett Rosario, Cristina
The “Kantutas de Los Andes” Communal Bank will begin its eighth cycle in Pro Mujer as part of the “Centro Focal de Los Andes”. The group is comprised of eight members and managed by a board of directors where Felipa is Secretary. The members of the communal bank carry out varied businesses including owning a neighborhood store, working as an assistant minibus driver, selling woven blankets, providing incensing services, selling preserves, selling braided rugs, and a owning a carpenter’s shop.

Felipa says that she has been a member of Pro Mujer for one and a half years and was invited to join by her sisters who are members of the institution. Currently, she is in the business of braiding and selling rugs. She says that while making frequent trips to the border of Peru and Bolivia, she noticed that this type of business was limited in this area and this is why she started her business six years ago.

She is taking out this loan to expand her stock of merchandise (wool), which she will purchase from the shops in the city of El Alto for later sale in her sales space. This type or work will allow her to support her family in the best possible way because she is divorced and has three children.
When asked what she likes about Pro Mujer, she responded that she likes the institution because they are money lenders.
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View original language description ↓
La A.C. “KANTUTAS DE LOS ANDES” iniciará el desino octavo ciclo en Pro Mujer, como parte del Centro Focal de Los Andes, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Felipa es la Secretaria. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: tienda de barrio, ayudante de minibús, tejido de mantas, atención de saumerío, venta de conservas, trenzado de mantas, taller de carpintería.

La señora Felipa, indica que hace un año y medio que integra Pro Mujer, ingresando por invitación de sus hermanas que son socias de la institución. En la actualidad ella tiene un negocio de tejido y venta de mantas, ella cuenta que este negocio lo inicio en sus constantes viajes a la frontera de Perú y Bolivia, donde vio que esta actividad era escasa en ese lugar es por eso que inicio este negocio hace seis años.

El crédito que ahora sacará es para la ampliación de su mercadería (compra de lana) mismo que adquirirá de los almacenes de la ciudad de El Alto, posteriormente lo venderá en su espacio de venta. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es divorciada y tiene tres hijos.

Cuando se le consulta que le gusta de Pro Mujer, ella responde que le gusta la institución porque son prestamistas de dinero.

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
  • 88
    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 Kantutas De Los Andes Group's $3,175 loan helped a member to purchase wool.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2012
Listed
Jul 20, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013