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Jul 25, 2016 11:15 EST

Bolivia – Virgen De Las Nieves Ii Group: A loan of $4,475 helps a member to buy rice, oil, and noodles at wholesale.

iCrowdNewswire - Jul 25, 2016

Virgen De Las Nieves Ii Group

 
La Paz / El Alto, Bolivia / Food Production/Sales
 
Borrower image

Virgen De Las Nieves Ii Group’s story

The “Virgen de las Nieves II” communal bank began its first lending cycle with Pro Mujer as part of the Copacabana regional office. It is composed of eight members and is lead by a board of directors. The president is Señora Emma.

The loan they will take out will benefit micro-business owners, including Emma. Currently, she has a food-sales business. She states that she learned this business from her parents several years ago.

The loan they will take out will be to increase capital and buy rice, oil, and noodles at wholesale from vendors in the city of La Paz, which she will subsequently prepare and sell in her sales location. This form of work allows her to generate resources to financially support her family, as she is married and has seven children.

In this group: Emma Ines , Magdalena, Mariana Joseline , Alfonso, Leonardo , Reyna Gabriela , Maria Luisa , Martha
*not pictured

  

Translator profile picture

Translated from Spanish by Kiva volunteer Holly Torpey View original language description

This loan is special because:

It empowers women through group lending. 

Jon
Kiva staff 

A loan of $4,475 helps a member to buy rice, oil, and noodles at wholesale.

Contact Information:

Virgen De Las Nieves Ii Group

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