Total loan: $4,275
Jaihuayco - 32 Group
Cochabamba, Cochabamba Department, Bolivia / Retail
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A loan helped to buy music albums to sell.
Jaihuayco - 32 Group's story
The entrepreneurial bank Jaihuayco - 32 consists of 10 members, eight women and two men. The president of the bank is Señora Veronica, who is 31. She is married and has two children, ages 10 and 12. She sells music DVDs in her store, which is located in her own house, which is in the Samaritano zone. This loan is her first from this institution. Señora Veronica is going to use this loan to invest in the purchase of music albums, since they are in much demand at this time of year. She faces challenges in her business, particularly the lack of cash to buy these products. She is going to use the profits to continue buying a variety of products to sell according to the season. Her wish for her business is to grow more and help her family, since this is the activity with which she supports her family.