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Señor De La Cruz Group
In this Group: Adela, Olga , Honora, Elsa Juana, Carmen , Eva , Lidia Beatriz , Maria , Tomasa, Benigna
Señor de la Cruz Communal Bank will start its first loan cycle with Pro Mujer as part of the Los Andes regional office. It's made up of 10 members and governed by a board of directors of which Adela is the president. The various businesses of the communal bank members include carpentry, food sales, wool rug production, neighborhood store, and vegetable sales.

The loan they're getting will benefit small business entrepreneurs such as Adela. She says it's the first time she has belonged to Pro Mujer, having joined on the invitation of a loan officer from the institution who visited her at home. Currently she has a business selling fruit. She says it's a family business that she has worked in for years and in which she has a small amount of capital invested.

This loan is to increase her capital by buying fruit, which she'll get from wholesale vendors and then sell in her stand. This type of work allows her to generate resources to support her household as much as possible, because she lives in a common-law marriage and has a child.

When asked what she likes about Pro Mujer, she says the health area and the loan training.
View original language description ↓
La A.C. “SEÑOR DE LA CRUZ” iniciará el primer ciclo en Pro Mujer, como parte del Centro Focal de Los Andes, está compuesta por diez integrantes y está dirigida por una mesa directiva donde la señora Adela es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: carpintería, venta de comida, elaboración de alfombras de lana, tienda de barrio, venta de verduras.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Adela es integrante, ella indica que es la primera vez que integra Pro Mujer, ingresando por invitación de una promotora de la institución que fue a visitarle a su casa. En la actualidad ella tiene un negocio de venta de fruta; cuenta que este negocio familiar, ya que lo trabajan hace años y ella también tiene un pequeño capital invertido en el mismo.

El crédito que ahora sacará es para el aumento de capital (compra de fruta) que adquirirá de las vendedoras mayoristas y posteriormente lo comercializara en su puesto fijo. Esta forma de trabajo le permite generar recursos para mantener en lo posible a su hogar pues ella vive en concubinato y tiene un hijo.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el área de salud y las capacitaciones en 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
  • 101
    View loans »
    Bolivia Loans Fundraising
  • $29,504,650
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Señor De La Cruz Group's $3,600 loan helped a member to buy fruit.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2013