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Antonio Paredez Candia Group
In this Group: Zulma , Maria Magdalena, Miriam , Viviana, Dionicia , Miriam , Jhanett
The communal bank "Antonio Paredes Candia" is starting its thirteenth loan cycle with Pro Mujer as part of the regional group Panamericana. The bank is made up of 7 members and is headed by a board of directors, with Magdalena as director. The members' business are varied and include sewing petticoats, selling fresh goods and biscuits, food sales, cake sales, blanket sales and confectionary.

The loan will benefit various small microbusinesses where Magdalena is a member. She indicates that she has been a member of Pro Mujer for a year and a half, joining by invitation of a friend who is a member of the institution. She currently has a business sewing and selling blankets, a trade she has worked in for years having learnt from her mother-in-law.

The loan that she is now taking out is to raise her capital (to buy wool) that she will get from wholesalers and later she will make and sell them in her sales location.

This type of work allows her to generate an income to support her family as she lives with a partner and has three children.

When she asked what she likes about Pro Mujer, she responds that she likes the training in finance and health.
View original language description ↓
La A.C. “ANTONIO PAREDES CANDIA” iniciará el ciclo decimo tercer ciclo en Pro Mujer, como parte del Centro Focal de Panamericana, está compuesta por siete integrantes y está dirigida por una mesa directiva donde la señora Magdalena es la Secretaria. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: costura de enaguas, venta frescos y galletas, venta de comida, venta de queques, venta de mantas, repostería.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Magdalena es integrante, ella indica que hace un año y medio que integra Pro Mujer, ingresando por invitación de su comadre que es socia de la institución. En la actualidad ella tiene un negocio de tejido y venta de mantas que trabaja hace años atrás, aprendiendo esta actividades de su suegra.

El crédito que ahora sacará es para el aumento de capital (compra de lana) que adquirirá de las vendedoras por mayor y posteriormente a la elaboración lo comercializará en su espacio de venta. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella vive en concubinato y tiene tres hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta la capacitación en crédito y 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
  • 224
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Antonio Paredez Candia Group's $1,850 loan helped a member to buy wool.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2012
Listed
Oct 7, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013