A loan of $3,000 helped a member to buy cattle.

El Carmen Group's story

The “EL CARMEN” communal bank is starting its first loan cycle with Pro Mujer as part of the Los Andes community center. The group is comprised of eight members and is led by a board of directors headed by Carmen as its president. The members of the communal bank carry out various businesses, amongst them: selling potatoes, running a neighborhood store, selling grocery, selling meat, buying and selling cattle, selling vegetables, selling sheep.

The loan will help women who run small businesses, such as Carmen. Carmen states that this is the first time for her with Pro Mujer and she was invited to join by a promoter of the institution who came to her home. At present, she has a business selling cattle. She says she started this business on her own initiative when she saw the good sales other cattle traders were making.

The loan she is taking out now will be used to increase her capital for buying cattle, which she will buy from the communities near the city of El Alto and which she will later sell from her retail space. Working in this manner helps her to generate income to support her family, as she is married and has three children.

When asked what she likes about Pro Mujer, she answers that she likes to be able to take out a loan without having to fulfill many requirements.

In this group: Carmen, Elena, Maria, Rebeca , Edgar Gonsalo, Ceferina, Natividad, Elizabeth

Translated from Spanish by Kiva volunteer Ellen Vaethjunker

Loan details

Lenders and lending teams

Loan details