Total loan: $4,525

1Ro De Febrero Group

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, , Bolivia / Services

1Ro De Febrero Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped Operational capital.

1Ro De Febrero Group's story

The “1 D. Febrero” group is represented by Mariluz and maD. up of 19 members: 14 women and 5 men, all residents of the same area. The member we are highlighting is Juanita. She has three children and her husband is a minibus driver. They live in a rented house at present. She takes in laundry at 6 bolivianos per dozen. She is very hard-working has had a difficult life. On Saturdays she makes sandwiches that she takes to the minibus stop where her husband works to sell in order to make a little extra for household expenses and perhaps save a little to buy a lot and proviD. a home for her children. Juanita wants financing to launch a more settled food sales business because she does well on weekends selling sandwiches and fast food. Her greatest expectation is to acquire capital to buy a lot and build a house where her family can live peacefully not having to pay rent. The rest of the group members are involved in the following: hamburger sales, food sales, cosmetic sales. Competition among them is quite difficult, especially in food and cosmetics sales, since each one expects a good result from her daily sales. They will use the funds to stock their stores, to buy more merchandise, and to offer better customer service so that their business will earn higher income in the future and they will have a better economic situation as a result. Because this is a new group, they have been given training and they are happy to be Agrocapital clients although some of the members already have some degree of experience thanks to loans they have with other similar entities.

Translated from Spanish by Michael Bujazan, Kiva Volunteer