Total loan: $3,625

Canaan Group

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COTOCA, Departamento de Santa Cruz, Bolivia / Food

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

A loan helped to buy wholesale cooking supplies to sell a larger amount of food and improve her family's income.

Canaan Group's story

María, age 48, is the single mother of two children, and her business is food sales. She carries out her work in the rural area of Cotoca, which is well-known for its sweets and candies made of molasses.

María and her children live in a rented room. (She is seated in the center right, dressed in a flowered blouse.) The need to cover her children's expenses drove her to lead a group of entrepreneurs. Their businesses include mototaxi services, beverage sales, water sales, empanada sales, and dried meat sales.

She works selling "Majadito," which is a food made of yucca, banana, and dried meat. She makes her sales at the town's exit, which is where all the cars must pass through.

In order to improve her sales, she needs to cook a larger amount of food. The advantage is that during this season, the sales double. The problem is that she only has one day's worth of cooking supplies.

Her dream is to open a restaurant. She wants to double her food sales. With this loan, she will buy dried meat, yucca, and banana wholesale. This is the first loan that she has received from the institution in the 1 year that she has been in this trade.

For these reasons, María is requesting a loan to buy wholesale cooking supplies, in order to sell a larger amount of food and improve her family's income.