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Las Canelas Group
In this Group: Margarita, Juana, Elsa, Antonia, Maruja, Adela, Marta , Tomasa , Mary , Gronilda , Julia
The communal bank "LAS CANELAS" will begin its eighth loan cycle through the Pro Mujer Program which is part of the Panamerican Social Center. The group is comprised of eight members and the president of the management board is Margarita. The businesses of the group members are varied and include sewing children's sportswear, vegetable sales, quinoa sales, convenience store, blanket weaving, noodle sales, jacket sewing, teaching and leg warmer sales.

The loan being requested will benefit small business owners including Margarita. She says she has been a member of Pro Mujer for four years and joined by invitation from a promoter of the institution who visited her home. She is currently running a sewing shop where she makes jackets. She started the business by taking orders from other people. With her savings she was able to set up her own business.

She plans to use the loan to increase her work capital and buy fabric from dealers in the city of El Alto. Then she will produce the goods she will sell at her shop. Her work earns her enough income to support her household. She is a widow and has a son.

When asked what she likes about Pro Mujer, she says it is the training regarding health, credit and saving.
View original language description ↓
La A.C. “LAS CANELAS” iniciará el octavo ciclo en Pro Mujer, como parte del Centro Focal de Panamericana, está compuesta por once integrantes y está dirigida por una mesa directiva donde la señora Margarita es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: costura de deportivos para niños, venta de verduras, venta de quinua, tienda de barrio, artesana en mantas, venta de fideo, costura de chamarras, educadora, venta de polainas.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Margarita es integrante, ella indica que hace cuatro años que integra Pro Mujer, ingresando por invitación de una promotora de la institución que fue a visitarle a su casa. En la actualidad ella tiene un negocio de taller de costura de chamarras; este negocio lo inicio al realizar trabajos para otra persona, con los ahorros que generó decide establecer su negocio propio.

El crédito que ahora sacará es para el aumento de capital (compra de tela) que adquirirá de las empresas 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 mantener en lo posible a su hogar pues ella es viuda y tiene un hijo.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el área de capacitación en salud y crédito 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.

About Bolivia

  • $2,817
    Average annual income
  • 98
    View loans »
    Bolivia Loans Fundraising
  • $28,223,400
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Canelas Group's $4,000 loan helped a member to buy fabric.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2013
Listed
Oct 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014