Total loan: $6,550

02-Colmena De 3 De Mayo Group

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La Paz, La Paz Department, Bolivia / Food

02-Colmena De 3 De Mayo Group's loan finished fundraising,
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A loan helped to expand her business.

02-Colmena De 3 De Mayo Group's story

The communal bank "02 Colmena de 3 De Mayo", part of Agencia 3 de Mayo, is composed of eight members who are friends and is directed by a board of directors where Nicol is the President.

The loan they are requesting will benefit a small microentrepreneurs group where Nicol is a member. At present she has a business that sells lunches and a cafeteria, at her stall, which is her home. She says that she learned this business through her mother who transferred the business to her a year ago.

The loan requested will be for the purchase of pots and a larger kitchen that she will acquire from the wholesalers of the City of La Paz. She will use it for her business.

This type of work allows her to generate economic resources. She is 19 years old, she is single and has no children. Her aspirations are to expand her business and study gastronomy or business administration.