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Aug 11, 2016 7:30 PM ET

Archived: Bolivia – Siempre Amigas Group: A loan of $5,300 helps a member to buy rice, pasta, and oil wholesale.

iCrowdNewswire - Aug 11, 2016

Siempre Amigas Group

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

Siempre Amigas Group’s story

The communal bank “Siempre Amigas” (Always Friends) will begin its first loan cycle with Pro Mujer as part of the Villa Exaltación regional center. It consists of nine members and is led by a board of directors where Señora Patricia is the president.

The loan that they will take out will benefit these micro-entrepreneurs, one of whom is Patricia. She now has a business of selling food. She lets it be known that she learned the business from her mother a number of years ago.

The loan that she will take out now will be used to increase her capital to buy rice, pasta, and oil wholesale, which she will acquire from the wholesale sellers of the city of La Paz. Then she makes and sells her food in her sales stand. This form of work allows her to generate resources to support her family economically, since she lives in free union and has two children.

In this group: Patricia Soledad, Evelina , Miriam , Fabiana, Julia , Florencio , Paulina , Yolanda , Frecia
*not pictured 

Translated from Spanish by Kiva volunteer Pam McMurry View original language description 

This loan is special because:

It empowers women through group lending. 

Kiva staff

A loan of $5,300 helps a member to buy rice, pasta, and oil wholesale.

Contact Information:

Siempre Amigas Group

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