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Nueva Semilla Group
In this Group: Elizabeth, Juana, Rosmery, Lucia Jacqueline, Michelle Cristina, Ana , Mariel, Ylizabet
The “Nueva Semilla” (New Seed) communal bank is in its third loan cycle with Pro Mujer as part of the Centro Focal de Juan Pablo II (community centre). Elizabeth is president of the board of directors of which there are eight members.

The communal bank members’ businesses are varied and include clothing sales, sugarcane juice sales, room rental, knit sweater sales and knit blanket sales.

This loan will benefit small businesses in different fields, including Elizabeth’s business. She became a member of Pro Mujer five years ago, when a friend invited her to join. She sells sugarcane juice (traditional Bolivian beverage), and she tell us that she learned about the business during her constant travelling to Cochabamba with her husband.

The loan she is requesting is to increase her capital to buy sugarcane from las quintas (place where it is sold) and then afterwards she’ll sell it in her sales kiosk. This kind of work helps her generate income to support her household. She is married with three children.
When she is asked what she likes about Pro Mujer, she responds that she likes the loan part, as it helps a lot.
View original language description ↓
La A.C. “NUEVA SEMILLA” iniciará el tercer ciclo en Pro Mujer, como parte del Centro Focal de Juan Pablo II, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Elizabeth es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de ropa, venta de guarapo, pensión, tejido de chompas, tejido de mantas.

El crédito que sacaran beneficiara a pequeñas microempresarias con distintos rubros, donde la señora Elizabeth es parte integrante, ella indica que hace cinco años y medio que integra Pro Mujer, ingresando por invitación de una amiga que es socia de la institución. En la actualidad ella tiene un negocio de venta de guarapo (bebida tradicional de Bolivia), cuenta que este negocio lo aprendió en los constantes viajes a Cochabamba en la compañía de su esposo.

El crédito que ahora sacará es para el aumento de capital (compra de guarapo) que adquirirá de las quintas (espacio de comercialización de esta bebida) y posteriormente lo comercializará en su espacio de venta. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su hogar pues ella es casada y tiene tres hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el área de crédito ya que le ayuda mucho.

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
  • 186
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Semilla Group's $4,100 loan helped a member buy sugarcane juice.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013