Total loan: $3,300
Los Manzanos Group
, , Bolivia / Retail
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A loan helped Purchase merchandise.
Los Manzanos Group's story
This is the first loan cycle for the group, meaning it is the first time they have worked with Kiva partner Fundacion AgroCapital. The members are known for being very united, as they belong to the only labor union in their town, and are very hard-working, punctual and responsible with their obligations. The majority of the members make a living selling clothes and other items (T-shirts, pants for men, women and children; towels, bedspreads). Their area is known for its busy economic activity since it is on the main highway, and the members take advantage with their sales. Because of the economic activity there is enormous business potential and the amount of competition is average, but with the growth in population in the area there will be a growth in demand. The market is not fully utilized, and in a small space a lot of different types of businesses can be found. This loan will be directly used to invest in all the merchandise the members bring in from the main cities, and thus they will be able to grow their businesses. As for the members' experience with the process, the vast majority of them have participated in loan programs from other financial institutions that did not require large guarantees and have demonstrated punctuality with their payments.
Translated from Spanish by Marty Greenstein, Kiva Volunteer