Total loan: $2,200

Pensamiento Group

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El Alto, La Paz Department, Bolivia / Arts

Pensamiento Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to buy wool.

Pensamiento Group's story

The “PENSAMIENTO” communal bank will be starting its tenth cycle with Pro Mujer, as part of the Los Andes centre. It is made up of nine members and is run by a board of directors of which Betty is the Treasurer. The businesses which the members of the communal association run are varied and among them are: selling food, selling cosmetics, selling groceries and a beauty salon. The loan they will take out will benefit small businesswomen of which Betty is an example. She says she joined Pro Mujer six years ago after being invited by a friend who is a member of the institution. Currently she runs a business knitting jumpers. She says learnt this business several years ago, when she needed an income and decided to use knitting as a means of earning money. The loan she is taking out is to increase capital to buy wool which she will buy from the wholesale markets in the city of El Alto and will use to make goods to sell. This kind of work allows her to generate income to maintain her family, since she is married and has 2 children. When asked what she likes about Pro Mujer, she says she likes sharing with the other members of the group.