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9 De Noviembre Group
In this Group: Carmen , Genoveva, Ana Balbina , Margarita Eliana, Miriam , Lidia , Gualbertina, Mery
The November 9th Communal Bank is starting its third loan cycle with Pro Mujer as part of the Germán Busch Community Center. This group consists of eight members and is led by a Board of Directors headed by Sra. Carmen as its president. The members of this Communal Bank engage in different businesses such as making woven sweaters, buying and selling spare parts, selling used furniture, selling food, selling scrap metal, selling fruit, metal work, and selling jackets and shirts.


This loan will benefit small micro-entrepreneurs, such as Sra. Carmen who is one of the members. She says that she joined Pro Mujer eight years ago after receiving an invitation from an aunt who also participates in a Communal Bank. At the moment, Carmen operates a metal shop. She learned this trade years ago from one of her relatives.


The loan she is receiving now will increase her capital for purchasing iron. She acquires her supplies from hardware shops and then makes the products that she sells from her retail space. Working in this manner enables her to generate the income she needs to support her family financially. Carmen is married and has two children.


When asked what she likes about Pro Mujer, Carmen said that she enjoys the seminars given by the consultants and the health classes.

View original language description ↓
La A.C. “9 DE NOVIEMBRE” iniciará el tercer ciclo en Pro Mujer, como parte del Centro Focal Germán Busch, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Carmen es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: tejido de chompas, compra y venta de repuestos, venta de muebles usados, venta de comida, compra de chatarras, venta de fruta, cerrajería, venta de chamarras y camisas.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Carmen es integrante, ella indica que hace ocho años que integra Pro Mujer, ingresando por ingresando por invitación de una tía que participa en una banca comunal. En la actualidad ella tiene un negocio de cerrajería (soldado de metal); cuenta que este negocio lo emprendió desde hace años atrás aprendiendo este oficio de uno de sus familiares.

El crédito que ahora sacará es para el aumento de capital (compra de compra de fierro) que adquirirá de las ferreterías posteriormente a la elaboración lo comercializa en su espacio de venta. Esta forma de trabajo le permite generar recursos para apoyarse económicamente a su familia pues ella es casada y tiene dos hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta las capacitaciones de las asesoras y del 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
  • 83
    View loans »
    Bolivia Loans Fundraising
  • $28,926,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 9 De Noviembre Group's $3,475 loan helped a member to buy iron.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Nov 10, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013