Total loan: $5,375

05 Flor De Retama Group

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El Alto, La Paz Department, Bolivia / Food

05 Flor De Retama 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.

05 Flor De Retama Group's story

The communal bank “05 Flor de Retama”, as part of the Villa Adela Agency, is formed by 8 members who are friends, and it is run by a board of directors in which Isabel is the President.

The loan will benefit a group of micro entrepreneurs in which Isabel is a member. She currently has a small grocery store at her house, and she mentions that she learned about this activity 5 years ago on her own initiative.

The loan will help her to buy merchandise (candies, cookies, noodles, sodas in bulk) from the wholesalers of the city La Paz, and she will then sell them at her own store.

This way of work allows her to generate incomes. She is 40 years old, single and has 4 children. Her wish is to see them become professionals and be healthy.

Note: there are only 3 people in the picture due to the health emergency with COVID-19. The photo was not taken to the whole group to avoid crowding.