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Las Magníficas Group
In this Group: Cristina, Leonidas, Martha , Lucrecia, Rita , Gloria Ruth, Aurelia , Constancia Juliana
The communal bank "LAS MAGNÍFICAS" will begin its third loan cycle through Pro Mujer at the social center in Cascada. The group is comprised of eight members and is led by a management team whose treasurer is Rita. The different sales activities carried out by the members include: fish, flower decoration, clothing, meat, bread and food.

The loan will help the group of entrepreneurs Rita is in. She joined Pro Mujer for the first time by invitation from a friend who is a member of the institution. Rita sells cosmetics to her friends and neighbors. She learned about the business from her sister-in-law who sells this type of product.

She plans to use the loan to increase her working capital to buy cosmetics from distributors and fill customer orders. Through her work she is able to earn an income to cover her household expenses. She is single and has five children.

When asked what she likes about Pro Mujer, she says she enjoys the health training area.
View original language description ↓
La A.C. “LAS MAGNÍFICAS” iniciará el tercer ciclo en Pro Mujer, como parte del Centro Focal de Cascada, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Rita es la Tesorera. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de pescado, decoración de flores, venta de ropa, venta de panza, carnicería, venta de pan, venta de comida.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Rita es integrante, ella indica que es la primera vez que integra Pro Mujer, ingresando por invitación de su amiga que es socia de la institución. En la actualidad ella tiene un negocio de venta de cosméticos; cuenta que este negocio lo aprendió de su cuñada que comercializaba estos productos, posteriormente ella decidió comercializar estos productos a sus amigas y vecinas.

El crédito que ahora sacará es para el aumento de capital (compra de cosméticos) que adquirirá de las empresas distribuidoras y posterior lo comercializará a pedido de sus clientes. Esta forma de trabajo le permite generar recursos para mantener en lo posible a su hogar pues ella es soltera y tiene cinco hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta las capacitaciones 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
  • 124
    View loans »
    Bolivia Loans Fundraising
  • $30,305,725
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Magníficas Group's $3,600 loan helped a member to buy cosmetics.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2013