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Aries Group
In this Group: Monica Zulma, Justina, Matias Daria, Maribel , Gabriela Dori , Celia , Fabio , Leny Mariela
Aries Communal Bank will start its first 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 president. The various businesses of the bank members include selling fruit, making athletic clothing, a bakery, and selling cleaning supplies.

The loan they're getting will benefit small business entrepreneurs such as Mónica. She says it's the first time she's been a member of Pro Mujer, having joined on the invitation of a friend who's a member. Currently Mónica has a tailor shop that she started to help her parents in their shop; later she decided to get her own space so she could pay for her education.

Mónica's loan is to increase her capital by buying fabric from the wholesale stores in the city of El Alto; after making the clothing she'll sell it in her sales stall. This job allows her to earn an income to support herself to the extent possible, because she's going to school and needs the money.

When asked what she likes about Pro Mujer she says the loan and health trainings.
View original language description ↓
La A.C. “ARIES” iniciará el primer 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 Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de fruta, costura de deportivos, confección de ropa, pastelería, venta de materiales de limpieza.

El crédito que sacaran beneficiara a pequeñas microempresarias/os donde la señora Mónica es integrante, ella indica que es la primera vez que integra Pro Mujer, ingresando por invitación de una amiga que es socia de la institución. En la actualidad ella tiene un negocio de taller de costura; cuenta que este negocio lo emprendió al ayudar a sus padres en su taller, posteriormente decide implementar su espacio independiente, mediante el cual podrá subvencionar sus estudios.

El crédito que ahora sacará es para el aumento de capital (compra de tela) que adquirirá de las tiendas 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 mantenerse en lo posible ya que ella está estudiando y necesita recursos económicos.

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
  • 229
    View loans »
    Bolivia Loans Fundraising
  • $31,613,275
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Aries Group's $1,750 loan helped a member to buy fabric.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2013
Listed
Nov 24, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014