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Esperanza Group
In this Group: Serafina, Monica , Patricia Gertrudis, Laura Andera, Lucia , Victoria Cesaria
The communal bank "Esperanza" will begin its first first loan cycle with Pro Mujer. As part of the "Centro Focal de Villa Exaltación" [Focal Center of Exaltation Village], the group is comprised of 6 members and is directed by a board headed by President Sefani. The businesses that members of the association carry forward are varied, including the following: Selling sweets and pastries, making meat pies and pastries, selling sandwiches, selling shoes, selling various items, and selling sports equipment.

The loan that they will receive will benefit small micro-businessness of which Sefani is a part. She indicates that this is the first time she has worked with Kiva-partner Pro Mujer, entering upon the invitation of a counselor from the institution who went to her house to visit her. Currently she has a business selling sweets. She learned the business on her own initiative using savings that she had from her family.

The loan that she will get is for increasing capital (the purchase of sweets) that she will acquire in the markets of the city El Alto and will later sell from her stall. This form of work helps her generate income in order to maintain as much as possible her home since she is married and has three kids.

When asked what she likes about Pro Mujer, she responds that she likes the loans.
View original language description ↓

La A.C. “ESPERANZA” iniciará el primer ciclo en Pro Mujer, como parte del Centro Focal de Villa Exaltación, está compuesta por seis integrantes y está dirigida por una mesa directiva donde la señora Sefani es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de dulces y masitas, elaboración de salteñas y masitas, venta de sandwichs, venta de zapatos, venta de artículos varios, venta de deportivos.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Sefani es integrante, ella indica que es la primera vez que integra Pro Mujer, ingresando por invitación de una asesora de la institución que fue a su casa a visitarla. En la actualidad ella tiene un negocio de venta de dulces; este negocio lo emprendió por iniciativa propia utilizando los ahorros que tenía su familia.

El crédito que ahora sacará es para el aumento de capital (compra de dulces) que adquirirá de las ferias de la ciudad de El Alto y posteriormente 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 tres hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el 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
  • 73
    View loans »
    Bolivia Loans Fundraising
  • $28,627,900
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Group's $1,800 loan helped a member to purchase sweets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 17, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014