100%

funded

Total loan: $2,025

10 De Febrero Group

Flag of Bolivia
, , Bolivia / Services

10 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.


10 De Febrero Group's story

The “10 D. Febrero” (February 10) communal bank is represented by Fidelia and is composed of 10 united, dynamic women. Fidelia is married to Gonzalo and they have a son, who is in school. Her husband is employed at a brick factory to support his family. They live in a small, rented house that they must pay monthly rental for. Fidelia and her husband expect to gradually grow so that they can buy a small lot to give their son a better future. She is a craftsperson and vicuña wool blanket weaver. She is very popular among artisans because her work is very delicate and fine. The rest of the group members are involved in a variety of commercial activities, most of them sell bricks either door-to-door or from fixed locales. One member sells humintas (a kind of turnover) and bread while others sell prepared food. In general, the group has quite a bit of experience in their various lines of work and is well known in the markets where they sell their products. Although competition is extensive, the group has experience and regular customers that recognize the quality of their work and request their services. On the other hand, the enthusiasm with which they do their work is also noteworthy. They will use the present loan for operational capital. Some will buy raw ingredients, others will use the funds to buy ingredients or work tools. The group expects to continue working and being able to count on financing to reach their goals. The bank has extensive credit history since this isn’t their first loan; it is, in fact, their second with our institution and they have demonstrated responsibility and honesty in their payments.

Translated from Spanish by Michael Bujazan, Kiva Volunteer