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Las Iluminadas Group
In this Group: Maria Asencia, Ivan Justo, Josefina , Yocelin Rubi, Gladys, Isabel Elena , Elba Eva, Santusa
The communal bank ‘Las Iluminadas’ are starting their first cycle with the organization ‘Pro Mujer’. They are working with one of the regional offices in the province of German Busch. The group is made up of eight women and it is managed by a board of directors, of which Maria is the president. The members do various activities, such as selling woolen clothing, food, CDs and fruit and making rugs, miniatures (for the Alasitas fair) and cakes.

The loan will benefit the group of small businesswomen. Maria has been a member of this group for four years. She joined after being invited to by a friend of hers who was also a member. Currently, she has a business selling fruit. She learnt this trade several years ago after helping her aunt. After having her first child, she decided to start up on her own, using her knowledge of the market.

The loan that she will receive is to buy more fruit which she will buy wholesale in El Alto and then sell on her stall. This work allows her to generate an income to maintain her family, as she is single and has two children.

When she is asked what she likes about ‘Pro Mujer’, she tells us that it is the loans, the savings, the training and the medical service that the institution offers.
View original language description ↓
La A.C. “LAS ILUMINADAS” iniciará el primer ciclo en Pro Mujer, como parte del Centro Focal de German Busch, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora María es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de ropa de lana, venta de comida, producción de alfombras, venta de CD’s, venta de fruta, artesanías de alasita (feria de la miniatura), pastelería.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora María es integrante, ella indica que hace cuatro años que integra Pro Mujer, ingresando por la invitación de una amiga que es socia de la institución. En la actualidad ella tiene un negocio venta de fruta; da a conocer que este negocio lo emprendió hace varios años al ayudar a su tía en su negocio, posterior a su primer hijo decide emprender su negocio independiente, ya que conocía del mercado a trabajar.

El crédito que ahora sacará es para el aumento de capital (compra de frutas) que adquirirá en las vendedoras mayoristas de la ciudad de El Alto y lo comercializará en su espacio de venta. Esta forma de trabajo le permite generar recursos para mantener a su familia ya que ella es soltera y tiene dos hijos.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta el crédito, los ahorros, las capacitaciones y el servicio médico que le ofrece 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
  • 73
    View loans »
    Bolivia Loans Fundraising
  • $28,639,275
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Iluminadas Group's $3,225 loan helped a member to buy fruit.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2014
Listed
Feb 17, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014