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29 De Abril Group
In this Group: Eusebia, Jheanneth, Valvina Dolores, Vladimir Fabio , Monica Fabiola , Maria, Zulma , Mercedez
29 de Abril Communal Bank will start its fifth loan cycle with Pro Mujer as part of the Villa Tejada Regional Office. It's made up of eight members governed by a board of directors of which Mónica's the secretary. The bank members carry out a variety of businesses, including sneaker sales, candy sales, transportation services, food sales, furniture sales, and traditional products sales.

The loan they're getting will benefit small business entrepreneurs like Mónica. She says she has belonged to Pro Mujer for a year, having joined on the invitation of a friend who's a member. Currently Mónica has a business selling candy, which she says she started on the advice of her mother, who was in the same business. The business is solvent, so she wants to expand it with more merchandise.

Mónica's getting the loan to increase her capital by buying candy, which she'll get from the wholesale stores in the city of El Alto, then sell in her store. This job allows her to generate income to support her household to the extent possible. Mónica's single and doesn't have any children yet.

When asked what she likes about Pro Mujer she says the loan and health trainings.
View original language description ↓
La A.C. “29 DE ABRIL” iniciará el quinto ciclo en Pro Mujer, como parte del Centro Focal de Villa Tejada, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Mónica es la Secretaria. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de tenis, venta de dulces, servicio de transporte, venta de comida, venta de muebles, venta de productos tradicionales.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Mónica es integrante, ella indica que hace un año que integra Pro Mujer, ingresando por invitación de una amiga que es socia de la institución. En la actualidad ella tiene un negocio de venta de dulces; cuenta que este negocio lo emprendió por concejo de su madre que realizaba el mismo comercio, en la actualidad tiene un negocio solvente mismo que quiere ampliar con mayor mercadería.

El crédito que ahora sacará es para el aumento de capital (compra de dulces) que adquirirá de las tiendas mayoristas de la Ciudad de El Alto 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 es soltera y aún no tiene hijos.

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

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

  • $5,500
    Average annual income
  • 180
    View loans »
    Bolivia Loans Fundraising
  • $30,838,375
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of 29 De Abril Group's $4,825 loan helped a member to buy sweets.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014