Total loan: $6,475

Nuevo Renacer Group

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El Alto, La Paz Department, Bolivia / Arts

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

A loan helped to purchase wholesale wool.

Nuevo Renacer Group's story

The communal bank Nuevo Renacer will begin the fourth cycle in Pro Mujer as part of the Collpani Community Center. It is made up of 10 members and is run by a board of directors, of which Luisa is the president.

The loan that they will receive will benefit small businesswomen, and Luisa is one of them. She currently has a business of selling blankets. She says that she learned this business on her own initiative several years ago.

The loan that she will now receive will be an increase of capital for the purchase of wholesale wool that she will acquire from the wholesalers in the city of La Paz. She will then do the manufacturing and sales in her retail space. This type of work allows her to generate resources to support her family financially since she is in a common-law relationship and has three children.