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Piedras Blancas Group
In this Group: Yanety, Lizeth Katerin, Lucila , Yhevana, Silvia Maria, Maritza Marisol, Ximena, Estefani Michel, Yola Teresa , Nelson Angel , Petrona
The Piedras Blancas communal bank started its third loan cycle with Kiva partner Pro Mujer as part of the Primary Focus of German Busch. It is formed of 11 members and is led by a board of directors, for which Yanety is the secretary. The members' businesses are succeeding and are varied, including selling milk, selling cheese, weaving blankets, and selling used furniture.

The loan they will take out will benefit small micro-businesses, of which Yanety is a member. She indicates that it has been a year since she started with Pro Mujer, joining at the invitation of a friend who is a member of the institution. Now she has a business selling used furniture. She says
she learned this business with her family's guidance because they repair discarded furniture.

The loan she is now taking out is to stock up on merchandise (purchase used furniture), which she will acquire from homes and later, after fixing it up, will sell in her sales space. This type of work allows her to generate income to maintain her home because she still lives with her mother.

When she was asked what she likes about Pro Mujer, she said that she likes to work with the group and her friends.
View original language description ↓
La A.C. “PIEDRAS BLANCAS” iniciará el tercer ciclo en Pro Mujer, como parte del Centro Focal de German Busch, está compuesta por once integrantes y está dirigida por una mesa directiva donde la señora Yanety es la Secretaria. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de leche, venta de queso, tejido de mantas, venta de muebles usados.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Yanety es integrante, ella indica que hace un año 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 venta de muebles usados; da a conocer que este negocio lo emprendió por consejo de su familia, ya que ellos realizan reparaciones de muebles en desuso.

El crédito que ahora sacará es para el aumento de su mercadería (compra de muebles usados) que adquirirá a domicilio y posteriormente al arreglo del mueble 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 aún vive con su madre.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el trabajar en grupo y 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.

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About Bolivia

  • $5,500
    Average annual income
  • 197
    View loans »
    Bolivia Loans Fundraising
  • $31,410,700
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Piedras Blancas Group's $4,800 loan helped a member purchase used furniture.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2013
Listed
Jul 21, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014