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16 De Julio Group
In this Group: Lucia , Laura Estefani , Cesaria, Zenobia, Concepción , Teresa , Mery, Vanessa Esther
The communal bank “16 DE JULIO” will begin its 10th loan cycle with Pro Mujer as part of Centro Focal de Los Andes. The group has eight members, and Lucia is president of its board. The members have various businesses: selling food; making traditional costumes; selling detergents; selling shoes; selling cookware and small appliances; dressmaking and selling clothing; and selling candy and cookies from a kiosk.

This loan will benefit micro businesses such as Lucia's. She said she joined Pro Mujer ten years ago at the invitation of a friend who belongs to the institution. Lucia has a business making and selling traditional costumes, which she started after working in her brother-in-law's workshop. She later decided to open her own business location.

She will use the loan to buy beads, sequins, and cloth from wholesale dealers so that she can make garments to sell in her shop. This work generates money to support her household; she is a widow with three children. When asked what she likes about Pro Mujer, she mentioned that she enjoys sharing with the other members of her group.
View original language description ↓
La A.C. “16 DE JULIO” iniciará el décimo ciclo en Pro Mujer, como parte del Centro Focal de Los Andes, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Lucia es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de comida, artesanía en disfraces, venta de detergentes, venta de calzados, venta de ollas y artefactos, costura y venta de ropa, kiosco de dulces y galletas.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Lucia es integrante, ella indica que hace diez años que integra Pro Mujer, ingresando por la invitación de una amiga que es socia de la institución. En la actualidad ella tiene un negocio de elaboración y venta de disfraces; da a conocer que este negocio lo emprendió al trabajar en el taller de su cuñado, posteriormente decide establecer su propio espacio de negocio.

El crédito que ahora sacará es para el aumento de capital (compra de perlas, lentejuelas y tela) que adquirirá de las distribuidoras por mayor y posteriormente a la elaboración lo comercializará en su espacio de venta. Esta forma de trabajo le permite generar recursos para mantener en lo posible a su hogar pues ella es viuda y tiene tres hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta compartir con sus compañeras.

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
  • 179
    View loans »
    Bolivia Loans Fundraising
  • $30,784,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 16 De Julio Group's $4,325 loan helped a member to buy beads, sequins, and cloth.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 6, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013