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Virgen De Guadalupe Group
In this Group: Sofia, Juana , Wilson , Lidia , Veronica, Fanny, Jimena, Roxana, Graciela
The “VIRGEN DE GUADALUPE” communal bank is starting their fourth cycle with Pro Mujer, as part of the Achacachi regional office. It is made up of 9 members with Sofía as president. The members of the communal bank operate a variety of businesses including: the sale of vegetables, selling sweets, the sale of quinoa, the weaving and selling of blankets, selling milk, fruit sales, a driver, and the sales of rugs. The loan will benefit all these micro-entrepreneurs.

One of them Sophia indicates that this is her first time to join Pro Mujer, joining on the invitation of her sister-in-law who is a member of the institution. Sophia weaves and sells blankets. She explains that she started this business a year ago and this loan is to increase her stock.

The loan Sophia is requesting will be used to increase her working capital (buying wool) that she will purchase at wholesalers in the city of El Alto. After weaving the blankets she will sell them at her sales place. Working in this manner allows her to generate resources to support her household. She is in a common-law relationship and has three children. When asked what she likes about Pro Mujer, Sophia replied that she liked the savings that are made in the institution.
View original language description ↓
La A.C. “VIRGEN DE GUADALUPE” iniciará el cuarto ciclo en Pro Mujer, como parte del Centro Focal de Achacachi, está compuesta por nueve integrantes y está dirigida por una mesa directiva donde la señora Sofía es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de verduras, venta de golosinas, venta de quinua, tejido y venta de mantas, venta de leche, venta de fruta, chofer, venta de alfombras.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Sofía es integrante, ella indica que es la primera vez que integra Pro Mujer, ingresando por invitación de su cuñada que es socia de la institución. En la actualidad ella tiene un negocio de tejido y venta de mantas; cuenta que este negocio lo emprendió por iniciativa propia hace un año atrás y el crédito que solicita es para ampliar su mercadería.

El crédito que ahora sacará es para el aumento de capital (compra de lana) que adquirirá de las distribuidoras mayoristas 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 vive en unión libre y tiene tres hijos.

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

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
  • 113
    View loans »
    Bolivia Loans Fundraising
  • $29,154,400
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Guadalupe Group's $3,775 loan helped a member to buy wool.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014