Total loan: $4,925

Nuevos Amigos Group

Quillacollo, Cochabamba Department, Bolivia / Services

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A loan helped to buy disheware in order to expand their business and not loose out on sales during the peak season.

Nuevos Amigos Group's story

Vania is 38-years-old and is a single mother with two children. She has a business renting dishes. She does her work in the Quillacollo rural zone, which has a mantle of vegetation and is surrounded by scenic crops.

Vania and her children live in a familial home. The necessity to cover the expenses of her children led her to form a a group with other businesses, like a veterinarian, carpenter, general store, and merchants of chicken meat, satellite receptors, salt, and food, in order to ask for loans and improve their businesses. She works renting products to use for social events, such as dishware, tables, chairs, silverware, glasses, cups, bowls, etc. Many times she receives two requests and the amount of dishware that she has does not suffice.

The business is profitable and the demand increases with New Years. In order to not loose out on sales and improve her business, she should increase the amount of items that she has to work with. The good thing is that there is a demand; the problem is though that she does not have enough necessary quantity of dishware to meet the demand. Her dream is to improve her business. She hopes to increase her income during the peak season. With this loan she will buy tables, chairs, plates, cups, and other items to rent out. This is the first loan that she will receive from the Institution in the three years that she has had this business.

It is for these motives that Vania asks for a loan in order to buy dinnerware in order to expand her business and not loose out on sales during the peak season.