Total loan: $5,525

Nueva Esperanza Group

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El Alto, La Paz Department, Bolivia / Food

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

A loan helped to buy supplies for her food sales business.

Nueva Esperanza Group's story

The Nueva Esperanza community bank, with support from the Copacabana Center, will soon provide a third round of funding to its eight members. The group has a board led by its president, Sra. Salome. The new loan will benefit the small businesses operated by her and the group's other members.

Sra. Salome has operated a food sales business for several years. She will use her share of the loan to buy rice, pasta, cooking oil and other supplies from a wholesaler in La Paz. She will then use what she buys to prepare the foods that she sells. She is married and has two children and the investment will allow her to generate an income that will help to support her family.