Total loan: $6,900

03 Union Progreso I Group

Flag of Bolivia
El Alto, La Paz Department, Bolivia / Food

03 Union Progreso I Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to buy counters and expand the business.

03 Union Progreso I Group's story

The communal bank "03 Union Progreso I is part of the Agencia ALTO Lima. It is made up of 8 members who are friends and it is led by a Board of Directors with Sofia as the President.

The loan that is taken out will be of benefit to micro-entrepreneurs, including Sofia. She currently has a business of selling pastries from her home. She says that she learned this business a year ago.

The loan that Sofia is taking out will be to increase the capital to buy counters and to expand the business. She will then use it for the sale of desserts.

This form of work allows her to earn a living. She is 34 years old, single, and has one child. Her aspiration is to make her business grow, to be the owner of her own business and to open a pastry shop and cafe.

Note: There are three people in the photograph due to the Covid-19 public health emergency. For this reason, the photo was not taken of the entire group in order to avoid the crowding together of people.