Total loan: $7,250

08 Renacer Group

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El Alto, La Paz Department, Bolivia / Retail

08 Renacer 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.

08 Renacer Group's story

The communal bank “08 Renacer” is part of the Agency Senkata and consists of nine members who are all friends. It is managed by a board with Fabiola as its president.

The loan they request will benefit women who are small-business owners such as Fabiola. Currently she owns a small grocery store, and tells that she learned about this business on her own initiative about five years ago.

She requests the loan to increase the working capital and buy merchandise in large quantities from the wholesalers of the city of La Paz, so she can later sell it in her store. Thanks to this business she earns a living.

She is 32 years old, single and has a daughter. Her aspirations are to grow her business with the goal to own a supermarket.