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Suma Pancara Group
In this Group: Olga, Norha, Miriam, Janett, Sonia, Maria, Martha, Ana, Maria Del Rosario, Walter, Rosmery, Martha, Fabiola, Allison, Gina, Laura
View original language description ↓
Various lunches and snacks are offered every day in the market area of ‘Río seco’ and markets of the July 16th zone, principally on fair days. Most of the members of the group “Suma Pancara” are dedicated to this work. Making this food obliges the members to remain in their stalls for the entire day alongside their small children because they do not have enough money to leave them in nurseries or elsewhere. It is also the case that their children, although still small, help their mothers in their stalls, which is unfortunate because the children are exposed to numerous dangers. The association “Suma Pancara” needs loans to inject capital into their businesses, acquire more ingredients and improve their stalls, thus generating higher revenues for the good of their families.

Translated from Spanish by Helen Smith, Kiva volunteer.


Todos los días en el mercado de la zona Río seco y mercados de la zona 16 de julio, principalmente los días de feria, se ofrecen variados almuerzos y otras meriendas. Actividad que se dedica la mayor parte de la asociación “Suma Pancara” La elaboración de estos alimentos obliga a estas personas a permanecer en sus puestos de venta durante todo el día teniendo así que trabajar junto a sus pequeños hijos, ya que no cuentan con el dinero suficiente para poder dejarlos en guarderías u otros, también existe el caso que sus niños aun siendo pequeños ayudan a sus mamas en sus puestos caso muy lamentable ya que los niños se ven expuestos a innumerables peligros.
La asociación “Suma Pancara” necesita mayores créditos para poder inyectar capital a sus negocios adquiriendo mayores insumos y realizar mejoras en sus puestos de venta, de esta manera generar mayores ingresos para el bien de sus familias.

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

  • $5,500
    Average annual income
  • 180
    View loans »
    Bolivia Loans Fundraising
  • $30,784,250
    Funds lent in using Kiva
  • 7.2
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Suma Pancara Group's $5,000 loan helped a member the group needs loans to purchase ingredients and improve their stalls.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 7, 2008
Listed
Jul 27, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009