Total loan: $6,550

Las Margaritas Group

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El Alto, La Paz Department, Bolivia / Arts

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

A loan helped purchase wool in bulk.

Las Margaritas Group's story

The communal bank Las Margaritas will begin its second loan cycle with Pro Mujer as part of the Centro Focal German Busch. It is made up of eight members and is led by officers of whom Nancy is the president.

The loan that they will get will benefit the small micro-entrepreneurs of whom Nancy is one. Currently, she has a business selling shawls. She states that she learned this business at her own initiative some years ago.

The loan that she will get now will be to increase her capital with the purchase of wool in bulk, which she will get from the wholesalers in the city of La Paz. After making them, she will sell them in her sales space. This type of work allows her to generate resources to support her family economically since she is single and independent.