Check out some available loans that are similar to this one!
Illimani Group
In this Group: Cristina, Victor , Cristina , Virginia , Viviana Fanny, Veronica , Julieta , Celia, Cecilia
The "ILLIMANI" communal bank will be starting its twentieth cycle with Pro Mujer, as part of the Villa Tejada centre. It is made up of nine members and is run by a board of directors of which Cristina is the President. The businesses which the members of the communal association run are varied and among them are: selling groceries, selling toys, making party supplies, selling hair clips, sewing quilts, selling chickens.

The loan they will take out will benefit small businesswomen of which Cristina is an example. She says she joined Pro Mujer a year ago after being invited by a friend who is a member of the institution. Currently she runs a business selling hair clips. She says she started this business several years ago after noticing that a lot of this type of product is sold in the market. For this reason she has been working with the same products for 30 years.

The loan she is now taking out is to increase capital to buy hair clips which she will buy from the wholesale stores in the city of El Alto and will then sell in her business. This kind of work allows her to generate income to maintain her household, since she is a widow and has 2 children.
When asked what she likes about Pro Mujer, she says she likes the training in loans and health.
View original language description ↓
La A.C. “ILLIMANI” iniciará el vigésimo ciclo en Pro Mujer, como parte del Centro Focal de Villa Tejada, está compuesta por nueve integrantes y está dirigida por una mesa directiva donde la señora Cristina es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de víveres, venta de juguetes, artesanía en cotillón, venta de sujetadores de cabello, costura de edredones, venta de pollos.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Cristina 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 sujetadores de cabello; cuenta que este negocio lo emprendió hace varios años atrás al observar que estos productos eran altamente comercializados en el mercado, es por ello que ya trabaja con los mismos productos hace treinta años.

El crédito que ahora sacará es para el aumento de capital (compra de sujetadores para cabello) 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 mantenerse en lo posible ya que ella es viuda y tiene dos hijos.

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

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.

Tags

About Bolivia

  • $2,817
    Average annual income
  • 85
    View loans »
    Bolivia Loans Fundraising
  • $29,370,775
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Illimani Group's $5,325 loan helped a member to buy hair clips.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2013
Listed
Nov 19, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014