Check out some available loans that are similar to this one!
Vicarani Group
In this Group: Justina, Saturnina, Fortunata , Rosalia , Victoria, Teodora, Ricardo, Sofia
The communal bank 'Vicarani' will begin its first loan cycle as part of the Patacamaya regional office. It is composed of 8 members and is governed by a board of directors, of which Sofía is the secretary. The members of the communal bank have a variety of businesses such as selling potatoes, buying and selling sheep and cattle, selling artisanal beds and knitting sweaters, selling shakes, and growing potatoes.

The loan that they will take out will benefit small businesses like Sofía's. She states that this is the first year being a member of Pro Mujer. She joined after being invited by a promoter of the institution who visited her house. Currently, she has a business machine-knitting sweaters. She shares that she learned this business in 6 months at a training center. Afterward, she decided to use this knowledge as a source of employment.

The loan she will take out is to increase her capital (by buying wool at wholesale) which she will get in the city of La Paz and resell in her retail space. This business allows her to generate income to support her family since she is single and lives with her parents. When she was asked what she liked about Pro Mujer, she responded that she likes the trainings the institution offers.
View original language description ↓
La A.C. “VICARANI” iniciará el primer ciclo en Pro Mujer, como parte del Centro Focal de Patacamaya, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Sofía es la Secretaria. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de papa, compra y venta de ganado ovino y vacuno, artesanía en camas y tejido de chompas, venta de batidos, producción de papa.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Sofía es integrante, ella indica que es el primer año que integra Pro Mujer, ingresando por la invitación de un promotor de la institución que fue a visitarla a su casa. En la actualidad ella tiene un negocio de tejido de chompas a máquina; da a conocer que este negocio lo aprendió en un centro de formación en seis meses, posteriormente decide emprender este conocimiento como una fuente de generación de empleo.

El crédito que ahora sacará es para el aumento de capital (compra de lana por mayor) que adquirirá en la ciudad de La Paz y posteriormente 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 vive con sus padres.

Cuando se le consulta qué le gusta de Pro Mujer, ella responde que le gusta las capacitaciones 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

  • $5,500
    Average annual income
  • 222
    View loans »
    Bolivia Loans Fundraising
  • $31,533,425
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Vicarani Group's $2,900 loan helped a member to buy wool at wholesale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2014
Listed
Apr 21, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014