Funded

Total loan: $5,650
Powered by 105 lenders

Perlas De Sorata Group

Bolivia
La Paz / El Alto, Bolivia / General Store

A loan of $5,650 helped a member to buy rice, sugar, and pastas.


Perlas De Sorata Group's story

The "Perlas de Sorata" communal bank will begin its fifth loan cycle with Pro Mujer, through the Achacachi regional office. This communal bank is made up of eleven members and is run by a board of directors where Magdalena is president. The members of the communal bank have various kinds of business, including: a grocery store, selling bread, selling meals, selling potatoes, a beauty salon, and knitting blankets.

This loan will benefit small business owners in Magdalena's group. Magdalena tells us that she joined Pro Mujer three years ago, following an invitation from a friend, who is a member of the communal bank. Magdalena currently has a grocery. She has been learning this trade since she was a girl and worked in a grocery store. With a little capital that she had, Magdalena opened her own grocery store.

This loan will be used to increase capital, by buying rice, sugar, and pastas from the wholesalers in the city of El Alto. Magdalena will then sell the products. This work allows Lucy to earn an income to support her family: Magdalena has a partner and a son.

When asked what she likes about Pro Mujer, Magdalena tells us that she likes the training and the savings that she makes.

In this group: Maria Magdalena , Estela , Gladys , Gregoria Margarita, Martina, Salome, Susi , Ayda, Gervacia , Luisa Elena, Julia
*not pictured

Translated from Spanish by Kiva volunteer Iain Gaw


Loan details

Loan length:

10 months
Disbursed date: September 27, 2013
Facilitated by Field Partner: Fundación Pro Mujer

Lenders and lending teams




Loan details

Loan length:

10 months
Disbursed date: September 27, 2013
Facilitated by Field Partner: Fundación Pro Mujer