Total loan: $4,825
29 De Abril Group
El Alto, La Paz Department, Bolivia / Food
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A loan helped to buy sweets.
29 De Abril Group's story
29 de Abril Communal Bank will start its fifth loan cycle with Pro Mujer as part of the Villa Tejada Regional Office. It's made up of eight members governed by a board of directors of which Mónica's the secretary. The bank members carry out a variety of businesses, including sneaker sales, candy sales, transportation services, food sales, furniture sales, and traditional products sales. The loan they're getting will benefit small business entrepreneurs like Mónica. She says she has belonged to Pro Mujer for a year, having joined on the invitation of a friend who's a member. Currently Mónica has a business selling candy, which she says she started on the advice of her mother, who was in the same business. The business is solvent, so she wants to expand it with more merchandise. Mónica's getting the loan to increase her capital by buying candy, which she'll get from the wholesale stores in the city of El Alto, then sell in her store. This job allows her to generate income to support her household to the extent possible. Mónica's single and doesn't have any children yet. When asked what she likes about Pro Mujer she says the loan and health trainings.