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Flor Kantuta Group
In this Group: Bertha, Lucha, Natividad, Julia, Virginia , Betty Sofia , Maria, Francisca
The "Flor Kantuta" communal bank will begin its fourth cycle with Pro Mujer, as part of the Panamerican Regional Office. The group is composed of eight members and is led by a board of directors, of which Señora Lucha is the Secretary. The businesses that the association's members run are varied and include, among others: craft baskets, coca sales, a general store, sewing vests, macramé knitting, sewing backpacks.

The loan that they will take out will benefit microentrepreneurs like Señora Lucha. She says that this is her fourth cycle with Pro Mujer, having joined at the invitation of a credit counsellor from the institution who visited her at home. Currently she has an artisan business knitting sweaters. She makes it known that she learned this business from a previous job, and it has been ten years since she decided to start her own workshop, as she had also studied entrepreneurship.

The loan she is taking out now is to increase the capital (the purchase of wool) she will acquire from distributors in the city of El Alto; after making the sweaters, she will sell them in her shop. This work allows her to generate income for her family, as she is married and has four children.

When asked what she likes about Pro Mujer, she responds that she likes the savings and the training.
View original language description ↓
La A.C. “FLOR KANTUTA” iniciará el cuarto ciclo en Pro Mujer, como parte del Centro Focal de Panamericana, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Lucha es la Secretaria. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: artesanía en canastilla, venta de coca, tienda surtida, costura de chalecos, tejido de macramé, costura de mochilas.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Lucha es integrante, ella indica que es el cuatro ciclos que integra Pro Mujer, ingresando por invitación de una Asesora de la institución que fue a visitarle a su casa. En la actualidad ella tiene un negocio de artesanía en tejido de chompas; da a conocer que este negocio lo aprendio de un trabajo anterior y hace diez años decide implementar su propio taller ya que también estudio emprendimiento en una institución.

El crédito que ahora sacará es para el aumento de capital (compra de lana) que adquirirá de las distribuidoras de la ciudad de El Alto y posteriormente a la elaboración lo comercializará en su espacio de venta. Esta forma de trabajo le permite generar recursos para su familia ya que ella es casada y tiene cuatro hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gustan los ahorros y la capacitación.

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
  • 188
    View loans »
    Bolivia Loans Fundraising
  • $31,009,700
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor Kantuta Group's $3,775 loan helped a member to purchase wool.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Aug 19, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014