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El Carmen Group
In this Group: Carmen, Elena, Maria, Rebeca , Edgar Gonsalo, Ceferina, Natividad, Elizabeth
The “EL CARMEN” communal bank is starting its first loan cycle with Pro Mujer as part of the Los Andes community center. The group is comprised of eight members and is led by a board of directors headed by Carmen as its president. The members of the communal bank carry out various businesses, amongst them: selling potatoes, running a neighborhood store, selling grocery, selling meat, buying and selling cattle, selling vegetables, selling sheep.

The loan will help women who run small businesses, such as Carmen. Carmen states that this is the first time for her with Pro Mujer and she was invited to join by a promoter of the institution who came to her home. At present, she has a business selling cattle. She says she started this business on her own initiative when she saw the good sales other cattle traders were making.

The loan she is taking out now will be used to increase her capital for buying cattle, which she will buy from the communities near the city of El Alto and which she will later sell from her retail space. Working in this manner helps her to generate income to support her family, as she is married and has three children.

When asked what she likes about Pro Mujer, she answers that she likes to be able to take out a loan without having to fulfill many requirements.
View original language description ↓
La A.C. “EL CARMEN” iniciará el primer ciclo en Pro Mujer, como parte del Centro Focal de Los Andes, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Carmen es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de papa, tienda de barrio, abarrotes, venta de carne, compra y venta de ganado, venta de verduras, venta de ganado de oveja.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Carmen es integrante, ella indica que es la primera vez que integra Pro Mujer, ingresando por la invitación de una promotora de la institución que fue a visitarle a su domicilio. En la actualidad ella tiene un negocio de venta de ganado; da a conocer que este negocio lo inicio por iniciativa propia, al observar la buena venta de las comerciantes del mismo producto

El crédito que ahora sacará es para el aumento de capital (compra de ganado) que adquirirá de las comunidades cercanas a la Cuidad de El Alto y posteriormente lo comercializará en su puesto de venta. Esta forma de trabajo le permite generar recursos para mantener a su familia, ya que ella es casada y tiene tres hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el crédito sin muchos requisitos.

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
  • 112
    View loans »
    Bolivia Loans Fundraising
  • $29,572,175
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of El Carmen Group's $3,000 loan helped a member to buy cattle.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2013
Listed
Oct 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014