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27 De Mayo Group
In this Group: Juliana, Rosalia, Arminda, Carla, Lucia*, Flora, Bernarda*, Demetria, Irma, Antonia, Lourdes, Marianela, Marleni, Marisol*, Yolanda, Bertha, Veronica, Martha
* not pictured
View original language description ↓
The association named "27 de mayo" has been part of the family of Pro-Mujer for many years. One finds this association in the Andes in the city of El Alto. To date the association has 18 members who have demonstrated themselves to be an organized group in terms of their credit installments and internal activities. Within the group, the majority is married with an average of five children under 13 years of age. Their parents' dream is to have the power to provide them with better schooling to ensure their future. For this reason, they work hard in their jobs, saving money to pay for their children's studies. There are different business in the association like the sale of food, sale of shoes, of casual clothing, but the principal activity is the making of traditional knitted sweaters, veils, scarves and others that are later sold in the markets in the city of La Paz. The "27 de mayo" association needs more capital to purchase of the best quality raw material so that their products can also be of the best quality and, that way, they will have more clients and subsequently more income for their only objective which is to improve their economic situations. In this way they can offer their children a better way of life, principally in their education.

Translated from Spanish by Joanna Silverman, Kiva Volunteer.



La asociación denominada “ 27 de mayo” forma parte de la familia de Pro-Mujer hace ya varios años, esta se encuentra en la zona de Los Andes, de la ciudad de El Alto, a la fecha cuenta con 18 socias que han demostrado ser un grupo organizado en cuanto a sus cuotas de crédito y actividades internas.
Dentro el grupo la mayoría son casadas y con un promedio de 5 hijos, la mayoría menores a los 13 años. El sueño que tienen sus padres es el poder brindarles estudios superiores para asegurar el futuro de ellos, por eso se esfuerzan en sus trabajos y van ahorrando el dinero, para solventar los estudios de sus hijos. Existen diferentes negocios dentro la asociación como ser; la venta de comida, venta de zapatos, de ropa casual, pero la actividad principal es la confección de chompas, matillas, chalinas y otros, que luego las venden en las ferias de la ciudad de La Paz. La asociación 27 de mayo afirman que necesitan mayor capital para la compra materia prima de mejor calidad de esta manera sus productos también tendrían mejor calidad y así obtendrían mayores clientes y por consiguiente mayores ganancias con el unico objetivo de mejorar su situación económica de esta manera ofrecer a sus hijos una mejor forma de vida principalmente en su educación.

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
  • 122
    View loans »
    Bolivia Loans Fundraising
  • $30,305,725
    Funds lent in using Kiva
  • 7.2
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 27 De Mayo Group's $5,000 loan helped a member capital to purchase raw material.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 5, 2008
Listed
Jun 30, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009