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Huayna Potosi Group
In this Group: Mary Chela , Salome Cristina , Carlota , Elsa, Francisca Victoria, Betty Nayda, Antonia, Reyna Lizbeth
The Communal Bank “Huayna Potosi” is starting its 24th loan cycle with Pro Mujer as part of the German Busch Community Center. This group consists of eight members and is led by a Board of Directors headed by Sra. Mary as its president. The members of this Communal Bank engage in different businesses such as selling stockings, selling skirts, producing macramé, managing a neighborhood store, selling pots, selling condiments, and selling vests.

This loan will benefit small entrepreneurs such as Sra. Mary. She says that she joined Pro Mujer five years ago after receiving an invitation from her mother, who is also a member of the organization. Mary currently has a business of selling stockings and tights. She started this business after noticing that there was a demand for these products.

The loan she is requesting will be used to increase her capital for buying tights and stockings. She acquires her products at the fairs in the city of La Paz and then sells them from her retail space. Working in this manner enables her to generate income to maintain her household. Mary is widowed and has three children.

When asked what she likes about Pro Mujer, Mary said that she enjoys the savings she has accumulated.
View original language description ↓
La A.C. “HUAYNA POTOSI” iniciará el vigésimo cuarto ciclo en Pro Mujer, como parte del Centro Focal de German Busch, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Mary es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de medias, venta de polleras, elaboración de macramé, tienda de barrio, venta de ollas, venta de condimentos, costura de chalecos.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Mary es integrante, ella indica que hace cinco años que integra Pro Mujer, ingresando por invitación su madre que es socia de la institución. En la actualidad ella tiene un negocio de venta de medias y calzas; este negocio lo emprendió al observar la demanda que tienen estos productos.

El crédito que ahora sacará es para el aumento de capital (compra de calzas y medias) que adquirirá de las ferias de la ciudad de La Paz 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 viuda y tiene tres hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta los ahorros que se realizan.

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
  • 89
    View loans »
    Bolivia Loans Fundraising
  • $29,017,150
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Huayna Potosi Group's $3,200 loan helped a member to buy tights and stockings.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2013
Listed
Sep 3, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014