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Progreso Group
In this Group: Lucia , Lucrecia, Mariela, Iabel , Maria Paz , Reynalda , Otilia Lucia , Sofia , Lidia
The communal bank "Progreso" will start its 3rd loan cycle in the Villa Tejada central office of Pro Mujer. This group has 9 members, and is led by a board of directors where Lucia is the president. The members of this communal bank have a variety of businesses, including: raising animals, cultivating vegetables, and livestock production and sales.

This loan will benefit the small business people in this group where Lucia is a member. She states that she joined Pro Mujer 3 years ago at the invitation of a loan officer who was at her house. Now she has a business raising animals; she acquired the business from her parents, who had it from the time she was a child. Now she runs the business to support herself.

The loan that she will take now will be used to buy food for her cattle (fodder), which she will buy in the markets in the city of El Alto and later feed to her cattle. This form of work allows her to generate resources to support her family as much as she can, as she is married and has 3 children.

When asked what she likes about Pro Mujer, she answered that she likes the health services.
View original language description ↓
La A.C. “PROGRESO” iniciará el tercer ciclo en Pro Mujer, como parte del Centro Focal de Villa Tejada, está compuesta por nueve integrantes y está dirigida por una mesa directiva donde la señora Lucia es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: cría de animales, cultivo de verduras, cría y venta de animales.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Lucia es una integrante, ella indica que es hace tres años que integra Pro Mujer, ingresando por invitación de una promotora de la institución que fue a su casa. En la actualidad ella tiene un negocio de cría de animales; da a que este negocio lo adquirió de sus padres desde niña y en la actualidad ella realiza este emprendimiento para su subsistencia.

El crédito que ahora sacará es para la compra de alimento para ganado (compra de forraje) mismo que adquiere de las ferias de la Ciudad de El Alto y posteriormente alimentará a su ganado. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es casada y tiene tres hijos.

Cuando se le consulta que le gusta de Pro Mujer, ella responde 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

  • $2,817
    Average annual income
  • 94
    View loans »
    Bolivia Loans Fundraising
  • $30,126,850
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Progreso Group's $2,625 loan helped a member to buy feed for her cattle (fodder).
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Aug 8, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013