Total loan: $5,650

El Rancho Group

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COTOCA, Departamento de Santa Cruz, Bolivia / Food

El Rancho Group's loan finished fundraising,
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A loan helped to buy Christmas goods to meet seasonal orders and to pay for her son's studies.

El Rancho Group's story

Maria is a single mother. She is 43 years old and her business is selling food from her neighborhood store. She works in Cotoca, a rural area well known for its baked goods and artisanal dulce de leche.
Maria and her son live in their own house. (She is third from the right in the photo, wearing a black blouse.) The need to pay her son's educational expenses inspired her to form a group of women entrepreneurs. Their businesses are: selling baked goods, running a bakery, selling food, selling perfumes, selling empanadas, selling tamales, selling home electrical goods, selling lunch, and selling cheese.
Her own business is selling prepared food and staple goods such as bread, sugar, eggs, sodas, paper, etc. She does this work in a store located in her house where she has shelves to exhibit her merchandise, scales, and a refrigerator.
In this season, her customers demand sweet breads, cookies, and Christmas goods.
The advantage of her business is that she can count on custom, the problem is satisfying demand.
Her dream is to grow her business and to make bread. She wants to stock her store with seasonal goods for Christmas. She will use this loan to buy sweet breads, cookies, donuts, and other Christmas items. This is the first loan that she has received from the institution in the 5 years that she has been running this business.
It is for these reasons that Maria is requesting a loan to buy Christmas goods to meet seasonal demand and pay for her son's educational expenses.