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Primero De Mayo Group
In this Group: Norma , Elvira Ines, Justina , Eva Laura, Maritza, Felix, Juana, Nadir
The “PRIMERO DE MAYO” ["May 1"] communal bank is beginning its first loan cycle with Pro Mujer, as part of the Villa Exaltación regional center. It is made up of eight members and led by a board of directors, of which Juana is the secretary. The businesses pursued by the communal bank members are diverse. They include: weaving sweaters; preparing fried potatoes and fried pork; driving; selling pots; selling food; coffee sorting; selling whipped cream desserts; and providing public restroom services.

The loan they are taking out will benefit small entrepreneurs in the group where Juana is a member. She reports that she joined Pro Mujer six months ago, on the invitation of a friend who is a member of the institution. Currently, she has a business selling gelatins and sweet drinks. She says that she learned this trade from a friend who was involved in the same activity.

The loan that she is requesting is to increase her capital (to buy sugar). She will buy it from the wholesale distributors in the City of El Alto, and then after preparing her products, she will sell them as a mobile vendor at the local markets. This way of working allows her to generate resources to maintain her household as well as possible, since she is single and has one child.

When asked what she likes about Pro Mujer, she responds that she likes the training sessions about credit and health, as well as the savings.
View original language description ↓
La A.C. “PRIMERO DE MAYO” Iniciarán el primer ciclo en Pro Mujer, como parte del Centro Focal de Villa Exaltación, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Juana es la Secretaria. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: tejido de chompas, elaboración de papas fritas y chicharron, chofer, venta de ollas, venta de comida, selección de café, venta de chantilin, atención de baño público.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Juana es integrante, ella indica que hace seis meses que integra Pro Mujer, ingresando por invitación de su amiga que es socia de la institución. En la actualidad él tiene un negocio de venta de gelatinas y refrescos; cuenta que este negocio lo aprendió de una amiga que realizaba la misma actividad.

El crédito que ahora sacará es para el aumento de capital (compra de azucar) que adquirirá de las distribuidoras mayoristas de la Ciudad de El Alto y posteriormente a la elaboración lo comercializará de forma ambulante en las ferias. Esta forma de trabajo le permite generar recursos para mantener en lo posible a su hogar pues ella es soltera y tiene un hijo.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta las capacitaciones en crédito y salud y los ahorros.

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

  • $2,817
    Average annual income
  • 90
    View loans »
    Bolivia Loans Fundraising
  • $28,138,200
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Primero De Mayo Group's $2,500 loan helped a member to buy sugar to prepare her products.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2013
Listed
Oct 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014