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Kurmi Group
In this Group: Jacinta, Margarita, Hilda, Leandra, Cristina, Julia, Maria*, Mary, Feliza, Luis, Maria, Elsa, Vania
* not pictured
View original language description ↓
Association Kumi works with Pro-Mujer in the area of Alto Lima in the city of El Alto. They hope to keep their own activities to improve their lives, the group is formed by 13 members, that worked with Pro-Mujer for the past two years, proving to be very organized and responsible in their activities.

Almost all of them with their families pay about 500 Bs. ($69 approximately) minimum for rent, an amount they work very hard to reach. They dream with buying their own house for their children. There are several activities on the association, like bread production, bed sheets and clothing production, which is the main one. They usually sell their products on credit, so they need to have capital for production. Short time ago they received an order to produce uniforms for a bank, so they are soliciting a loan in order to buy materials to produce them. They want to increase their income to get financial stability for their homes and save money enough to buy their own house some day.

Translated from Spanish by N.D., Kiva Volunteer.

En la zona de Alto Lima de la ciudad de El Alto, junto a Pro-Mujer trabaja la asociación Kurmi, todos con la esperanza de tener actividades propias que les brinde mejores oportunidades de vida, el grupo esta formado por 13 miembros activos, que trabajan junto a Pro-Mujer hace mas dos años, demostrando ser muy organizados y responsables en sus actividades de grupo.

Casi todos con sus familias por lo general entre de alquiler de vivienda, mensualmente gastan 500 Bs. mínimos, monto que lo consiguen con mucho esfuerzo, ellos sueñan en comprar una casa propia para sus hijos,
Existen diversos negocios dentro la asociación, por ejemplo la elaboración y venta de pan, confección de Edredones y sabanas, pero la confección y venta de ropa viene a ser la actividad principal. Productos que generalmente los dejan a crédito, teniendo así que tener un capital de trabajo que respalde la adquisición de éstos productos. Hace poco recibieron la propuesta de dotar uniformes a una institución bancaria lo que les lleva a solicitar mayor crédito para poder comprar materia prima en mayor cantidad para poder cumplir con dicho pedido. De este modo mejorar sus ingresos para conseguir estabilidad económica en sus hogares y poder ahorrar para la futura compra de sus viviendas.

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
  • 155
    View loans »
    Bolivia Loans Fundraising
  • $32,292,125
    Funds lent in using Kiva
  • 7.3
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Kurmi Group's $3,975 loan helped a member need capital to buy materials of better quality / Necesitan capital para comprar materia prima en mayor cantidad.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 17, 2008
Jun 8, 2008
Currency Exchange Loss:
Feb 25, 2009