100%

funded

Total loan: $1,000

Magdalena

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El Alto, La Paz Department, Bolivia / Food

Magdalena's loan finished fundraising,
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A loan helped to buy wholesale supplies to sell hotdogs.


Magdalena's story

Magdalena is a young 24-year old woman. She is single and has two children, ages 5 and 9. Her business is selling hotdogs (fast food). She is a good mother and takes good care of her family. She is hardworking. She does not get tired of or is not afraid of any job. Only good things can be expected from her. She carries out her business in the "16 de julio" area, characterized for its informal commerce in all areas.

Magdalena has the beauty of the Aymara features, of bronzed skin, jet-black hair, and sweet lips like the fruits that birds peck at. Her native language is her largest inheritance and she only uses it with other Aymara families. She speaks Spanish in her daily life. She shares her life with her children who are in school. They live in a rented room built of adobe and which has running water, electricity and sewerage because the entire area is urbanized. Despite the little time that she has, she and her children attend the local church to help with the continuous improvement of society.

Her business is selling hotdogs, which is a very popular dish and easy to prepare because it only needs two main ingredients (hotdogs and potatoes). However, it is not about the ingredients, if not the way it is prepared. "The secret to the fries is to get them wet with salted water before frying them. Any type of potato works. The important thing is that they are crunchy when they are served..." she says.

This job holds out and gives her family food. Her business is successful because she has a good recipe. The advantage of her business is that she has continuous customers and gets orders. The disadvantage is the increase in price of some supplies.

Her dream is to open a second snack bar. She wants to buy potatoes, hotdogs, oil and other supplies. This is the 1st loan sequence with the institution in the 2 years that she has been doing this job. It is for those reasons that Magdalena is asking for a loan to buy wholesale supplies to sell hotdogs.