Total loan: $4,400

Amistad Rsr. Group

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, , Bolivia / Services

Amistad Rsr. Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped To buy stock merchandise and work tools.

Amistad Rsr. Group's story

The “Amistad RSR” group is represented by María and maD. up of 11 members; four men and 7 women; this bank is noted for being very united and cheerful. María, who is group president, is married to Jorge; they have a son, who is in school. Her husband works as a radio dispatch taxi driver in La Paz to support the family. They live in a small house that they share with her siblings. María’s and her husband’s expectations is to gradually grow so that they can buy a small lot to have their own home. María sells home appliances in the market and needs funds to buy stock inventory items. The other group members are in a variety of commercial activities, such as: clothing sales (for children, accessories, lingerie) either door-to-door or in fixed stands. One member makes and sells nets for arches and others sell food, cell phones and hardware items. The group as a whole has quite a bit of experience in the various businesses they run and are well known in the markets where they sell their wares. Although competition is widespread the group has both the experience and the regular customer base that recognizes their work and asks for their services; on the other hand, the enthusiasm with which they do their work is noteworthy. The current loan will be used for working capital. Some will buy more ingredients and merchandise; others will modernize their sales stands with tools that will facilitate their work. The group’s expectation is to continue working and, above all, continue to count on financing to reach their goals. The bank has quite a bit of credit history since this isn’t the first loan they have gotten. The present loan, for example, is the second one with our institution and they have demonstrated responsibility and honesty in their payments.

Translated from Spanish by Michael Bujazan, Kiva Volunteer