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Cristo Rey Group
In this Group: Maira Clareth , Paola , Ruth Cristina, Sara Magleny, Gloria Maria, Brenally Topacio , Josefina Brigida , Bertha Primitiva, Betty Rosmery
The “Cristo Rey” (Christ the King) communal bank will start its first cycle in Pro Mujer as part of the Juan Pablo II Focal Center. It has nine members led by a governing board headed by Maira, president. The members carry out a variety of business among which are clothing sales, shoe repair shop, backpack making, soy chicharron, pastry sales, vegetable sales, bread sales, hosiery sales and cosmetics sales.

The loan they’ll take out will benefit small businesswomen. Maira is one of the group members and this is her first time with Pro Mujer having been invited to join by a girlfriend who is a member of the institution. She currently has a business sewing backpacks. She comments that she started this business on her own initiative and is doing very well.

The loan she’ll take out now is to increase capital. She will buy fabric in street markets in the city of El Alto and then bring it to her shop to sell. This way of working makes it possible for her to support her family the best way possible since she lives together with someone. When asked what she likes about Pro Mujer, she responds that she likes the health training and the credit.
View original language description ↓
La A.C. “CRISTO REY” iniciará el ciclo primer ciclo en Pro Mujer, como parte del Centro Focal de Juan Pablo II, está compuesta por nueve integrantes y está dirigida por una mesa directiva donde la señora Maira es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de ropa, taller de calzados, costura de mochilas, chicharon de soya, venta de repostería, venta de verduras, venta de pan, venta de medias, venta de cosméticos.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Maira es integrante, ella indica que es la primera vez que integra Pro Mujer, ingresando por invitación de una amiga que es socias de la institución. En la actualidad ella tiene un negocio de costura de mochilas; cuenta que este negocio lo emprendió por iniciativa propia y le esta yendo muy buen.

El crédito que ahora sacará es para el aumento de capital (compra de tela) que adquirirá de las ferias de la ciudad de El Alto y posteriormente lo instalará en su espacio de comercialización. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella vive en concubinato.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta las capacitaciones de salud y crédito.

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
  • 85
    View loans »
    Bolivia Loans Fundraising
  • $29,017,150
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Rey Group's $3,925 loan helped a member to buy fabric.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2012
Listed
Sep 19, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013