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Las Faboritas Group
In this Group: Romualda, Luisa, Petrona, Antonia Victoria , Ceferina, Deysy Vanessa , Sabina Lucia , Zulma , Juana , Elvira Rocio , Maxima , Wilmer
The “LAS FAVORITAS” communal bank are starting their Eighth cycle with Pro Mujer as part of the Centro Focal de Cascada. The group is made up of 6 members and is led by an executive board of which Señora Romualda is President. The businesses developed by the members are diverse and include: selling food, jumpers, weaving blankets, selling salchipapas (a kind of kebab), selling buttons, clothes, buying construction materials, selling plaster.

The loan they receive will benefit these small micro-businesses where Señora Romulada is a member. She has been a member of Pro Mujer for 8 years, at the invitation of her friend who is part of the institution. Currently she has an artesanal business. She says that she learnt her business 10 years ago from a relative.

The loan which they will now receive will increase the capital (buying wool) that the businesses in Cuidad de El Alto will acquire in bulk and later to produce what she will sell in her shop area. This form of work allows her to generate resources to maintain her home as best she can, as she is married and has a daughter.

When asked what she liked about Pro Mujer, she answered that she likes the training, the loans and the healthcare facilities.
View original language description ↓
La A.C. “LAS FAVORITAS” iniciará el octavo ciclo en Pro Mujer, como parte del Centro Focal de Cascada, está compuesta por seis integrantes y está dirigida por una mesa directiva donde la señora Romualda es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de comida, venta de chompas, transporte de movilidades, tejido de mantas, venta de salchipapa, venta de botones, venta de ropa, compra de material de construcción, venta de estuco.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Romualda es integrante, ella indica que hace ocho años que integra Pro Mujer, ingresando por invitación de su amiga que es parte de la institución. En la actualidad ella tiene un negocio de artesanías; cuenta que este negocio lo aprendió hace diez años atrás de una familiar.

El crédito que ahora sacará es para el aumento de capital (compra de lana) que adquirirá de las empresas de la Ciudad de El Alto 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 casada y tiene una hija.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gustan las capacitaciones, el crédito y el área de salud.

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
  • 238
    View loans »
    Bolivia Loans Fundraising
  • $31,607,150
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Faboritas Group's $4,625 loan helped a member to buy wool.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013