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Luz Andina Group
In this Group: Elsa Isabel, Mery, Veronica, Zulema Patty, Modesta, Manuela, Paula , Lidia Luisa
The communal group Luz Andina is starting its fourth cycle with Pro Mujer, which belongs to the regional office of Senkata. It comprises eight members and is governed by a board of directors, Elsa being their President. The members of this communal bank run a variety of businesses, such as: making party favors, selling snow cones, selling food, selling soft drinks, working construction, selling cakes, and running a neighborhood store.

The loan they are taking out will benefit Elia's group of small businesswomen. She says she has belonged to Pro Mujer for two cycles, and became a member through a friend who is also a member and invited her. She currently has a business that sells clothing. She says she started her business through a friend's initiative and advice. Since she had some small savings, she started her business.

She will use the loan she is now taking out to increase capital (purchase clothing). She will buy it from the wholesale sellers in the city of La Paz, and later sell it from her stand. This type of work allows her to generate income so that she can support her household as much as possible, because she is married and has three children.

When asked what she likes about Pro Mujer, she says she enjoys the trainings on health and lending.
View original language description ↓
La A.C. “LUZ ANDINA” iniciará el cuarto ciclo en Pro Mujer, como parte del Centro Focal de Senkata, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Elsa es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: elaboración de cotillones, venta de raspadillo, venta de comida, venta de refrescos, albañilería, venta de chantilin, tienda de barrio.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Elsa es integrante, ella indica que hace dos ciclos 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 ropa; da a conocer que este negocio lo emprendió por iniciativa de una amiga que le aconsejó y al contar con un pequeño ahorro emprendió este negocio.

El crédito que ahora sacará es para el aumento de capital (compra de ropa) que adquirirá de las vendedoras mayoristas de la ciudad de La Paz, posteriormente lo comercializará en su puesto de venta. Esta forma de trabajo le permite generar recursos para mantener 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 las capacitaciones en 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
  • 96
    View loans »
    Bolivia Loans Fundraising
  • $28,171,500
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Andina Group's $1,800 loan helped a member to purchase clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013