Here is a summary of The Road's fourth social project:
A micro-financing loan to the Teresa Mamani Women's Group in Bolivia.
Ms Teresa presides The "Mujeres Vencedoras" (or "Winning Women") Community Bank in El Alto (Bolivia).
The members, all women, primarily earn a living from dress-making, and from selling food and vegetables. Some own neighbourhood stores, while others own independent micro-businesses.
The majority of the women already know each other and have experience in solidarity groups. It is a group of very happy and motivated people.
Owing to their punctuality and commitment from their previous three loans, this group is classified as one of the most enterprising by "Fundación Agrocapital", the local micro financing partner of Kiva. (See the group's full profile on Kiva).
Loan Request: $3,900
Repayment terms: 3 months (Deadline March 15 2009)
We gave them a loan of US$100
This is The Road's 4th social project. The funds for this loan were donated by the VK0IR Heard Island expedition team.
More on The Road's social project "Change Starts Here".
You can keep track of our project via our score card.