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El Paraiso Group
In this Group: Lourdes Cristina, Santusa, Virginia Aurelia, Yessenia Grisel, Jeanet , Genara, Yola, Lilian Lourdes
“The Paradise” Communal Association has initiated its 33rd loan cycle with Pro-Mujer through its Central Office in Villa Adela. The bank is composed of 8 members led by a board of directors of which Yola is Secretary. The businesses that the members of the communal association advance are varied. Among them: a barrio store, and selling cosmetics, various products, plants and planting pots, eiderdowns, books, sausages, and dressmaking.

The loans they take out will benefits small micro-enterprises, one of which Yola owns. She tells us that some 16 years ago, she became a member of Pro-Mujer, joining by invitation of a friend who invited her to a training session at the institution. Subsequently, she decided to take out a loan. At present, Yola has a business making dresses and selling clothing. She tells us that she learned the business while traveling to Argentina some years ago.

This present loan will augment Yola's capital, allowing her to purchase cloth which she will buy at wholesale in the markets of the City of El Alto. Subsequently, she will use the cloth to make dresses and sell them in her sales stall. This form of work allows Yola to generate resources to maintain her home, as much as possible. She lives in a common law marriage and has 3 children.

When asked what she likes about Pro-Mujer, Yola responded that she especially likes the training in the area of health and credit.
View original language description ↓
La A.C. “EL PARAISO” iniciará el trigésimo tercer ciclo en Pro Mujer, como parte del Centro Focal de Villa Adela, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Yola es la Secretaria. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de cosméticos, tienda de barrio, productos varios, plantas y masetas, venta de edredones, librería, chicharroneria, costura.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Yola es integrante, ella indica que hace diez y seis años que integra Pro Mujer, ingresando por invitación de su amiga que le invito a una de las capacitaciones de la institución y posteriormente decide sacar crédito. En la actualidad ella tiene un negocio de costura y venta prendas de vestir; cuenta que este negocio lo aprendió viajando a Argentina hace varios años.

El crédito que ahora sacará es para el aumento de capital (compra de tela) que adquirirá de los mercados de la Ciudad de El Alto por mayor y posteriormente a la elaboración lo comercializará en su espacio de venta. Esta forma de trabajo le permite generar recursos para mantener en lo posible a su hogar pues ella vive en concubinato y tiene tres hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta las capacitaciones del área de salud y 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

  • $2,817
    Average annual income
  • 74
    View loans »
    Bolivia Loans Fundraising
  • $28,685,150
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of El Paraiso Group's $2,725 loan helped a member buy cloth for dressmaking.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013