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Cristal Group
In this Group: Emma Paulina , Eulalia, Toribia, Eusebia , Evarista, Fidel, Dominga, Rosmery
The comunal bank "Cristal" [Crystal], as part of the Collpani regional office, is entering its 17th cycle with Pro Mujer. It is made up of eight members and lead by a board of directors with Emma as the president. The businesses ran by the members of the community bank are varied and include: sewing traditional Andean skirts, making stuffed animals and the sale of chuño (freeze dried potato), clothes, fruit, food and traditional quilts.

The loan they will take out will benefit small micro-entrepreneurs, including Emma. She has been a member of Pro Mujer for two years since a member of the organization arrived at her home and invited her to join. Nowadays, Emma has a business selling vegetables which she learned from a cousin who previously ran the business where she helped out. She subsequently decided to start a business in her own area.

The loan she will take out is to increase her capital (to buy vegetables wholesale) which she will acquire from the retail stores in the city of El Alto and subsequently bring to her sales area. This type of work allows her to generate income for her family since she is married with five children.

When asked what it is that she likes about Pro Mujer, Emma responds that she likes the training sessions in health and lending which the organization offers.
View original language description ↓
La A.C. “CRISTAL” iniciará el décimo séptimo ciclo en Pro Mujer, como parte del Centro Focal de Collpani, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Emma es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de chuño, costura de polleras, venta de ropa, venta de fruta, venta de comida, elaboración de peluches, venta de edredones.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Emma es integrante, ella indica que hace dos años que integra Pro Mujer, ingresando por la invitación de una compañera de la institución que fue a visitarle a su casa. En la actualidad ella tiene un negocio de venta verduras; da a conocer que este negocio lo aprendió del negocio que su prima tenia, donde ella apoyaba, posteriormente decide emprender un negocio independiente en su zona.

El crédito que ahora sacará es para el aumento de capital (compra de verduras por mayor) que adquirirá de las tiendas distribuidoras de la ciudad de El Alto y posteriormente lo implementará en su espacio de venta. Esta forma de trabajo le permite generar recursos para apoyar a su familia, ya que ella es casada y tiene cinco hijos.

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

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About Bolivia

  • $2,817
    Average annual income
  • 78
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristal Group's $4,025 loan helped a member to buy vegetables wholesale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2014
Listed
Apr 26, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014