Total loan: $4,625

Valientes Group

Flag of Bolivia
Santa Cruz de la Sierra, Santa Cruz, Bolivia / Food

Valientes Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to buy ingredients for baking, such as flour, lard, sugar and milk, among other things. to increase the volume of her production and sales.

Valientes Group's story

Arely is a young 22 year old woman. She lives with her partner. They have two children ages 3 and 5, and a 3 month old baby. She works in the Cotoca area. It is rural, vulnerable to flooding, and lacks access to financial services through traditional banks. Arely lives in a rented room with her partner, her parents, her in-laws and her children. (In the photo she is standing, wearing a sky blue shirt.)

The desire to improve her business led Arely to start a bank of women entrepreneurs. Their businesses are empanada sales, a book store, clothing sales, a cleaning service, cereal sales, diaper sales and sheep sales. Arely works as a bread baker with her partner and other family members. She sells cuñapés, which are bread balls made with yucca flour and cheese.

Arely has sought loans from traditional financial institutions many times with no success. As she doesn't have collateral, her applications are always rejected. She wants to increase her sales by baking a greater volume. Thanks to Kiva and Emprender, her loan has been approved with the goal of supporting small entrepreneurs with advantageous terms who lack access to credit. These poor people are considered "high risk borrowers" as they lack collateral.

With this loan Arely's family will be able to buy baking ingredients such as flour, lard, sugar and milk, among other things. She hopes that her business will be profitable because she has experience and will offer high quality products.