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Santiago Group
In this Group: Mary, Simon Alberto , Olivia , Olga Veronica, Rosalia , Norah , Bertha Olga, Elena , Zenon , Isawara
The communal bank "SANTIAGO" will begin their second loan cycle in Pro Mujer, as part of the regional office of Copacabana. It is comprised of 10 members and it is led by a board of directors with Mary serving as the President. The members carry out a variety of business activities such as fish sales, cheese sales, running a neighborhood store, and selling straw.

The loan that they will take out will benefit small business owners such as the member Mary. She says that she has been a part of Pro Mujer for two years. She joined by invitation from a promoter of the institution who visited her at home. Currently, she has a fish business; she says that she learned this trade from her parents, and when she got married, she began her own business venture.

The loan that she will presently take out will be to improve her equipment. She will buy a fishing net from one of the fairs in the city of El Alto. Afterwards, she will use it in her job. This form of employment allows her to generate resources to maintain her family since she is married and has four children.

When asked what she likes most about Pro Mujer, she answered that she likes the savings.
View original language description ↓
La A.C. “SANTIAGO” iniciará el segundo ciclo en Pro Mujer, como parte del Centro Focal de Copacabana, está compuesta por diez integrantes y está dirigida por una mesa directiva donde la señora Mary es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de pescado, venta de queso, tienda de barrio, venta de paja.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Mary es integrante, ella indica que hace dos años que integra Pro Mujer, ingresando por invitación de un promotor de la institución que fue a visitarle a su casa. En la actualidad ella tiene un negocio de pesca; cuenta que este negocio lo aprendió de sus padres y cuando se casó inicio su propio emprendimiento.

El crédito que ahora sacará es para la mejora de herramientas (compra de red de pesca) que adquirirá de las ferias de la ciudad de El Alto y posteriormente lo implementará en su trabajo. Esta forma de trabajo le permite generar recursos para mantener a su familia, ya que ella es casada y tiene cuatro hijos.

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

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
  • 93
    View loans »
    Bolivia Loans Fundraising
  • $28,715,675
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Santiago Group's $4,550 loan helped a member to buy a fishing net.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Feb 9, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013