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Rey De Reyes Group
In this Group: Teofila Esaura, Ana Maria, Yola, Tiburcia, Diese Andrea, Geovanna
The “Rey de Reyes” (King of Kings) communal bank will start its first cycle in Pro Mujer as part of the Villa Adela Focal Center. It has six members led by a governing board headed by Teófila, President. The communal bank members are in a variety of businesses among which we have the sale of natural medicines, raw fish sales, knitting and selling sweaters, Broasted chicken sales, veil and shawl knitting and Herbalife sales.

The loan they’ll take out will benefit small micro businesses. Teófila’s is one of them and she indicates that this is the second time she’s joined Pro Mujer having been invited by one of the institution’s promoters who visited her at home. She currently sells raw fish. She relates that she acquired this business from her parents since she was a girl; they are fishermen.

The loan she’ll take out now is to increase capital. She will buy fishing net in the city of El Alto’s street market that she’ll then adjust for her work. This way of working allows her to generate income needed to support her family the best way possible since she’s single and has three children. When asked what she likes about Pro Mujer, she answers that she likes the disbursements.
View original language description ↓
La A.C. “REY DE REYES” iniciará el primer ciclo en Pro Mujer, como parte del Centro Focal de Villa Adela, está compuesta por seis integrantes y está dirigida por una mesa directiva donde la señora Teofila es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de medicina natural, venta de pescado crudo, tejido y venta de chompas, venta de pollo a ala broster, tejido de chalina y mantilla, venta de Hebalife.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Teofila es una integrante, ella indica que es la segunda vez 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 venta de pescado crudo; nos cuenta que este negocio lo adquirió de sus padres desde niña, ya que ellos son pescadores.

El crédito que ahora sacará es para el aumento de capital (compra de red de pesca) mismo que adquiere de las ferias de la Ciudad de El Alto y posteriormente lo adecuara en negocio. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es soltera y tiene tres hijos.

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

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
  • 179
    View loans »
    Bolivia Loans Fundraising
  • $30,780,975
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Rey De Reyes Group's $1,600 loan helped a member to buy fishing nets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 22, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013