Total loan: $7,700

11 Candelas Group

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El Alto, La Paz Department, Bolivia / Retail

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

A loan helped to expand her business by buying wool wholesale.

11 Candelas Group's story

The communal bank "11 Candelas" is part of the "Agencia Collpani." It is made up of eight members who are friends, and it is led by a Board of Directors with Eulalia as President.

The loan to be taken out will be of benefit to micro-entrepreneurs, including Eulalia. She currently has a business selling shawls. She says that she learned this business from her mother ten years ago.

The loan that Eulalia will be taking out will be for increasing her capital to buy wholesale wool that she will get from the wholesalers in the city of El Alto. Then, she will make the shawls and sell them in her place of business.

This form of work allows her to generate income to support her family economically. She is in a relationship and has four children. Her aspirations are: to buy a house, for her children have everything, to grow as a person and to have a store that sells shawls.