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Totoritas Group
In this Group: Modesta, Valeria, Olga, Antonia, Adela, Felipa
The "Totoritas" group will begin its first loan cycle with Pro Mujer. As part of the Alto Lima Regional Center, it comprises six members and is run by a board whose president is Modesta. Group members engage in a variety of business activities including: blanket weaving, selling razors, selling fish, and selling cheese and vegetables.

The loan they're taking out will benefit small businesswomen like Modesta. She says she joined Pro Mujer a year ago on the invitation of her neighbors who were members. She currently has a fish sales business. She says she learned the business by helping out her aunt when she was a young girl, and then she decided to start up her own business.

Modesta is seeking a loan now so she can increase her inventory by buying more fish, which she'll get wholesale from vendors on the border of Bolivia and Perú and then sell at her locale. This kind of work will allow her to support her household as much as possible. She has a common law spouse and two children.

When asked what she likes about Pro Mujer, Modesta says she likes the loans and the health services.
View original language description ↓
La A.C. “TOTORITAS” iniciará el primer ciclo en Pro Mujer, como parte del Centro Focal de Alto Lima, está compuesta por seis integrantes y está dirigida por una mesa directiva donde la señora Modesta es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: tejido de mantas, venta de afeitadoras, venta de pescado, venta de queso y verduras.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Modesta es integrante, ella indica que hace un año que integra Pro Mujer, ingresando por la invitación de los vecinos que son socios de la institución. En la actualidad ella tiene un negocio de venta de pescado; da a conocer que este negocio lo aprendió desde niña ayudando a su tía, posteriormente decide emprender un negocio independiente.

El crédito que ahora sacará es para el aumento de su mercadería (compra de pescado) que adquirirá de las vendedoras por mayor de la frontera de Bolivia y Perú 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 vive en unión libre y tiene dos hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta 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
  • 233
    View loans »
    Bolivia Loans Fundraising
  • $31,613,325
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Totoritas Group's $1,675 loan helped a member to buy fish.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2013
Listed
Jul 20, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014