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Hormiguitas Group
In this Group: Faustina, Elizabeth, Mery, Lizette Carminia, Toribia, Elsa Elena*, Enriqueta, Isabel, Silvia Eugenia, Francisca
* not pictured
The "Hormiguitas" Communal Bank will begin its ninth cycle with Pro Mujer, as part of the Germán Busch regional office. The bank is made up of ten members and is run by a board of directors, of which Faustina is president. The businesses which the bank's members run are varied. Among them are the sale of food, condiments, school supplies, toys, and CDs, as well as knitting legwarmers, making centerpieces, tailoring, and carpentry.

The requested loan will benefit small business owners in the bank of which Faustina is a member. She joined Pro Mujer nine years ago, through the invitation of a relative who is a partner of the institution. She currently has a carpentry business. She says that she launched this business ten years ago along with her family, but later she decided to develop the business independently.

The loan which she will take out is for equipment (the purchase of machinery), which she will obtain from distribution companies and implement in her business, in order to make her products. This line of work allows her to generate an income to support her family financially, since she is married with three children.

When asked what she likes about Pro Mujer, she said that she likes the loans and the advice from the institution.

Note: Toribia does not appear in the photo because she was at a medical appointment.
View original language description ↓
La A.C. “HORMIGUITAS” iniciará el noveno ciclo en Pro Mujer, como parte del Centro Focal Germán Busch, está compuesta por diez integrantes y está dirigida por una mesa directiva donde la señora Faustina es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de comida, venta de condimentos, tejido de polainas, tejido de medias, venta de material escolar, venta de juguetes, confección de centros, confección de centros, confección de ropa, venta de CD’s, carpintería.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Faustina es integrante, ella indica que hace nueve años que integra Pro Mujer, ingresando por ingresando por invitación de un familiar que es socia de la institución. En la actualidad ella tiene un negocio de carpintería; cuenta que este negocio lo emprendió desde hace diez años atrás conjuntamente su familia posteriormente ella decide realizar su negocio independientemente.

El crédito que ahora sacará es para equipamiento (compra de maquina) que adquirirá de las empresas distribuidoras posteriormente lo implementará en su empresa para la elaboración de sus productos. Esta forma de trabajo le permite generar recursos para apoyarse económicamente a su familia pues ella es casada y tiene tres hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el préstamo y el consultorio de la institución.

En fotografía no se encuentra la señora Toribia ya que se encontraba en consulta médica.

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
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,040,850
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Hormiguitas Group's $3,875 loan helped a member to buy machinery.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Nov 8, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013