A loan of $3,975 helped a member to buy fabric wholesale.

Las Flores De Progreso Group's story

The communal bank 'Las Flores del Progreso' [The Flowers of Progress] will start their 4th cycle with Pro Mujer, as part of the Panamericana Regional Centre.
It is made up of eight members and is managed by a board of directors where Ines is the president. The members of the communal bank are engaged in various types of businesses including: sewing garments, selling vegetables, selling clothing, transport services, suit embroidery.

The loan they are taking out will benefit small micro-businesspeople where Ines is a member. She says it is the fourth year she has been in Pro Mujer, joining by invitation of her friend, who is a member of the institution. At present she has a fabric handicraft business. She started this business ten years ago, she already knew the skills because her mother taught her when she was a girl.

The loan they will take out now is to raise working capital (to buy fabric wholesale) that she will acquire in the distribution stores in El Alto. After production, she will market her handicrafts in her sales space. This kind of work allows her to generate income to support her family as she is single and has seven children.

When asked what she liked about Pro Mujer, she responded that she likes the benefits the institution offers her.

In the image, one member is missing. The reason is she urgently had to go to her business.

In this group: Ines Claudina , Cornelia, Carlos Antonio , Maria Magdalena , Jesusa Irma, Leonor Jeaneth*, Virginia , Jhosselin
*not pictured

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Translated from Spanish by Kiva volunteer Joelle Kuiper

Loan details

Lenders and lending teams

Loan details