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Las Palmeras Group
In this Group: Maria Eugenia, Maria Elizabeth, Rogelia , Juana Mary , Virginia , Celia , Elizabeth Rosmeri , Rita
The “PALMERAS” Communal Bank is starting its first cycle with Pro Mujer as part of the Los Andes central office. There are eight members and the group is governed by a board of directors of whom Señora María Eugenia is the president. The members' businesses are varied and include: plastics sales, basket sales, traditional clothing sales, kitchen utensil sales, vegetable sales, dustpan sales, and making french fries.
This loan will benefit these businesspeople. María Eugenia tells is that this is the first time she has worked with Pro Mujer. She joined at the invitation of some friends who were already members. She has a business selling kitchen utensils. This business has been in her family for years.
She will use this loan for an increase of working capital (the purchase of kitchen utensils). She will buy these products from the wholesale stores and later sell them from her storefront. This work allows her to generate an income to support her family. She is in a common-law marriage and has two children.
When asked what she likes about Pro Mujer, she replied that she likes the loans.
View original language description ↓
La A.C. “PALMERAS” iniciará el primer ciclo en Pro Mujer, como parte del Centro Focal Los Andes, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora María Eugenia es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de plásticos, venta de canastas, venta de ropa de cholita, venta de utensilio de cocina, venta de verduras y papa, venta de recogedoras de basura, elaboración de papas fritas.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora María Eugenia es integrante, ella indica que es la primera vez que integra Pro Mujer, ingresando por ingresando por invitación de unas amigas que son socias de la institución. En la actualidad ella tiene un negocio de venta de utensilios de cocina que es un negocio familiar desde hace años.

El crédito que ahora sacará es para el aumento de capital (compra de utensilio de cocina) que adquirirá de las tiendas que venden por mayor posteriormente lo comercializará en su espacio de venta. Esta forma de trabajo le permite generar recursos para apoyarse económicamente a su familia pues ella vive en unión libre y tiene dos hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el 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

  • $5,500
    Average annual income
  • 228
    View loans »
    Bolivia Loans Fundraising
  • $31,614,775
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Palmeras Group's $2,725 loan helped a member to buy kitchen utensils.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2012
Listed
Nov 9, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013