Total loan: $3,950
Sol Naciente Group
, , Bolivia / Services
Flag of Bolivia
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A loan helped Working capital.
Sol Naciente Group's story
The group "Sol Naciente" is represented by Mario. It is composed of 12 members, comprising 8 women and 4 men, all of whom are residents of the same suburb. They are very capable and hard-working people. Mario works as a cobbler in the centre of El Alto Son city. He is the father of a family of 3 children, all school age, and is married. His wife is a seamstress and works from home to look after the children. This loan is destined for the purchase of machines to open a shoe workshop, where Mario can make his own line of shoes and grow the business to give his family a better standard of living. The rest of the members work selling quilts, cleaning products, clothes, shoes, hats, and providing laminating services and plumbing. For the members, competition isn't important as in the majority of cases they have consolidated their businesses, and have years of experience running them, and they remember the way things were previously. The use of this loan is for working capital, such as purchasing goods, materials and work tools. All of the members have experience with loans, owing to having had loans from similar institutions. This is their first round within the institution and they are very satified about the support and confidence the institution has bestowed on them.
Translated from Spanish by Jane McCrory, Kiva Volunteer