Total loan: $7,825

Progreso De Copacabana* Group

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El Alto, La Paz Department, Bolivia / Arts

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

A loan helped to purchase wool, spangles and glitter wholesale.

Progreso De Copacabana* Group's story

The Progreso de Copacabana communal bank is part of the Agencia Villa Copacabana. It is made up of eight members, who are friends and neighbours from their area. It is led by a board of directors and Maria is the president.

The loan they are getting will benefit small micro-entrepreneurs, of whom Maria is one. Currently, she has a business selling bracelets (artisan). She learned this business several years ago.

The loan she will get now will be used to increase the capital to purchase wool, spangles and glitter, which she will acquire from the wholesalers in the City of La Paz. Afterwards, she will make her products and sell them in her sales stand.

This type of work allows her to generate resources to support her family economically, since she is single and has two children. Her goal is to have a larger business.