Total loan: $1,525

Las Picaflores Group

, , Bolivia / Services

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Las Picaflores Group's story

The PicaF. Group is represented by Mrs. María Inés and maD. up of 10 members who make a living selling different products like electronic games, eggs, natural fruit juices, breakfast, newspapers, and working in public transportation. The large majority of the members are very hardworking people who strive to help their little businesses get ahead. Competition in the market is high and they need their earnings to maintain their homes, since most of them are the only ones providing for their families.

The loan will be used to buy merchandise and to repair the vehicles of those members who work in public transportation. Some of the members will use the loan to improve their homes in order to give their families the better quality of life they deserve. Half of the members are now in their fifth loan cycle with our institution, but this is their first loan together as a group. They already know a lot about supportive groups and work ethic.

Translated from Spanish by Emily Meinecke, Kiva Volunteer