Total loan: $7,175

Ingenio Vecinal Group

El Alto, La Paz Department, Bolivia / Clothing

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A loan helped to buy clothes wholesale.

Ingenio Vecinal Group's story

The Ingenio Vecinal communal bank will begin its first cycle with Pro Mujer as part of the German Busch regional center. It is comprised of ten members and led by a board of directors. Precilia is the president.

The loan they will take out will benefit small businesswomen where Precilia is a member. She currently has a business selling clothes. She says that she learned this business on her own initiative several years ago.

The loan that she will now take out is to increase capital to buy clothes wholesale. She will get the clothes from the wholesale vendors in the city of La Paz. She will later sell them at her sales space. This way of working allows her to generate resources to support her family financially. She is single and independent.