A loan of $2,175 helped a member to buy a knitting machine.

Arco Iris Group's story

The 'Arco Iris' (Rainbow) community bank is a group of 8 women who decided to join together to access loans, training and health services. This community bank is part of the Senkata regional office. They are beginning their first loan cycle.

Each one of the group's members has her own business such as: selling CDs, selling meals, selling beer, knitting blankets, selling 'salchipapas' (traditional fast food) and cosmetics, and selling watches.

The 'Arco Iris' community bank has a board of directors which is made up of a president (Martha), a treasurer (Victoria) and a secretary (Carolina).

The group's president, Martha, is 42 years old. She lives with her partner and four children. Martha's business is knitting sweaters by hand. She tells us that her mom taught her to knit when she was young. She has been working formally in this business for eight years. She currently knits to order for stores and other sales locations. She is requesting a loan for 2,000 bolivianos which she will use to buy a knitting machine.

Martha is a first-time client of Pro Mujer and, when we asked her what she likes about the institution, she replied "the medical services and the savings".

In this group: Martha, Martha, Dionicia, Victoria Justa, Jeanette Pamela, Luz Maria, Yachelin Paula, Carolina

Translated from Spanish by Kiva volunteer Linda Oxnard

Loan details

Lenders and lending teams

Loan details