Total loan: $2,750

Nueva Vida Group

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Sacaba, Cochabamba Department, Bolivia / Food

Nueva Vida Group's loan finished fundraising,
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A loan helped to purchase cooking supplies to sell food and cover her baby's expenses.

Nueva Vida Group's story

Esperanza is 23 years old, is the single mother of a baby and her business is selling food. She does her work in Sacaba, a rural area well known for its cuisine and for its macerated drinks with a corn base.

Esperanza and her baby live as caretakers of a house (she is standing on the left, wearing a wine-colored blouse). Due to the need to pay for her baby's expenses, she formed a group of entrepreneurs. The businesses are: used clothing sales, food sales, blanket sales, a neighborhood store, a bakery, agriculture, and coca sales.

Her business is selling food such as silpancho, which is a slice of meat flattened very thin, covered in bread and eggs to fry it in oil. It is accompanied by salad, rice, and egg. She makes her sales walking through highly trafficked areas, carrying a cart, pots, and utensils. The advantage is that she divides her time between her baby and her work. The problem is stocking her business every day.

Her dream is to establish her business, she wants to stock her business with cooking supplies. With this loan, she will purchase rice, oil, and other supplies in bulk. It is the first loan that she has gotten from the institution in the 1 year she has worked in this business.

It is for these reasons that Esperanza asks for a loan to purchase cooking supplies to sell food and cover her baby's expenses.