Total loan: $1,175

Retamas Group

El Alto, La Paz Department, Bolivia / Food

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A loan helped Corn, quinoa, wheat, noodles, and rice.

Retamas Group's story

The Retamas Communal Bank has decided to team up in order to request their first loan. In the Villa Exaltación community center they have formed a governing board comprised of the president, treasurer, and secretary. Betzabé is the president, and she sells “tostado” (roasted nuts and legumes). She is married and has four children. Eating tostado (similar to popcorn) is common, and there is plenty of demand. She has products like soy, quinoa, wheat, grains like corn, or basic needs items like rice and noodles. Betzabé learned this business from her mother and her aunt. She buys the merchandise from wholesalers, and she sells at different celebrations and on the week-ends. Her daughter now helps her get ahead with the business. Eight women belong to the communal bank. They have different business like selling clothes, selling vegetables, weaving sweaters, selling food, selling apples, a spinning mill, selling tostado, and selling blankets.

Translated from Spanish by Ginny Kalish, Kiva Volunteer