Total loan: $6,825

Tierra Nueva Group

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El Alto, La Paz Department, Bolivia / Food

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

A loan helped to purchase wholesale raisins and almonds.

Tierra Nueva Group's story

The communal bank Tierra Nueva, as part of Agencia 3 de Mayo, is made up of eight members who are friends and neighbors from the community. It is run by a board of directors, and Bertha is the president.

The loan that they will receive will benefit small business owners, and Bertha is one of them. She currently has a dried fruit business (raisins and almonds), and she sews sports clothing. She started her business five years ago.

The loan that she will now receive will be an increase of capital for the purchase of wholesale raisins and almonds, which she will acquire from the wholesalers in the cities of El Alto and La Paz. She will then sell them at her retail space.

This type of work allows her to generate resources to support her family financially since she is married and has three children. Her aspirations are to expand her business and have her own house.