Total loan: $6,975

03 Leones Group

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El Alto, La Paz Department, Bolivia / Services

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

A loan helped to expand their business.

03 Leones Group's story

The communal bank 03 Leones, which is part of Agencia Alto Lima, is composed of eight members who are friends. The bank is led by a board of directors, and Gabriela is the president.

The loan they are requesting will benefit small micro-entrepreneurs, one of which is Gabriela. She currently has a hair salon business that she runs out of her home. She says that she learned this trade on her own initiative.

The loan that she's taking out now will be used to increase her buying capital for scissors, a mirror, and wholesale beauty products. She will purchase these from wholesale vendors in La Paz after the items have been marketed from their shopping stalls.

This form of work allows her to generate income. She is a 53-year-old widow with one child. Her aspirations are to grow her business and support her son in achieving his goals.

Note: Due to the COVID-19 public health emergency, the entire communal bank is not pictured and only three people appear in the photo. This was done in an effort avoid a gathering of people.