A loan of $2,375 helped a member to buy Bolivian ponchos for resale.

18 De Mayo Group's story

The communal bank “18 DE MAYO” is starting its first loan cycle with Centro Focal de Villa Exaltación. The group is comprised of eight members, and Paulina is the president. The activities that the group members are involved in are diverse - these include the sale of baby's clothing, sodas, food, videos, scrap metal and chamarras (traditional Bolivian ponchos).

Paulina tells us that this is the first time a communal bank has collaborated with the organization Pro Mujer, whose director invited them to join. Currently, Paulina has a business selling traditional Bolivian ponchos. She has been doing this for a number of years and learned this trade from her mother.

The loan she is currently seeking is for working capital so that she can buy chamarras in the traditional markets of La Paz. She will then sell these in the province of Cochabamba. This form of work will help her to improve her family's situation, as she is single and has a child.

When we asked her what she liked about Pro Mujer, she responded that she likes the classes that they offer in health and finances.

In this group: Paulina Magali, Eizabeth, Gregoria, Ricarda, Elizabeth, Mirna, Julia Victoria, Lenny Aandrea

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Translated from Spanish by Kiva volunteer Kevin Bohnert

Loan details

Lenders and lending teams

Loan details