Total loan: $6,950

Semillas Group

El Alto, La Paz Department, Bolivia / Retail

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A loan helped to purchase wool, cloth and thread at wholesale.

Semillas Group's story

The Semillas [seeds] Communal Bank, part of the Alto Lima branch office, is made up of eight members who are friends and neighbors in the community. It is managed by a board of directors led by Rosa, the President.

The loan they are taking will benefit small microentrepreneurs where Rosa is a member. Currently, she has a business selling mattresses (she makes and sells them). She learned the business a number of years ago.

Rosa will use the loan she is taking now to increase capital. She will purchase wool, cloth and thread at wholesale at wholesale in the city of La Paz. She will then make and sell them at her retail space.

This kind of work enables Rosa to generate resources to support her family financially since she is single and has five children. Her aspiration is to grow her business.