Total loan: $7,000

01 Renacer 2020 Group

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El Alto, La Paz Department, Bolivia / Retail

01 Renacer 2020 Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to grow their business.

01 Renacer 2020 Group's story

The communal bank 01 Renacer 2020 is part of Agencia Juan Pablo II, and is composed of eight members who are friends. The group is led by a board of directors, and Janeth is the president.

The loan they are requesting will benefit small micro-businesses that Janeth is a part of. She currently has a business selling cleaning products by traveling to different markets. She says that she learned this trade by helping her mother three years ago.

The loan that she's taking out now will be used to increase her buying capital for wholesale merchandise, which she will get from wholesale sellers in La Paz after commercialization.

This form of work allows her to generate income. She is 29, single, and has no children. Her aspirations are to grow her business, sell wholesale and retail products, and have good financial resources for her family.

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.