Total loan: $3,850
Suma Uma Group
El Alto, La Paz Department, Bolivia / Food
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Suma Uma Group's loan finished fundraising,
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A loan helped to purchase wholesale dried peaches.
Suma Uma Group's story
The communal bank “Suma Uma” will be starting its first cycle with Pro Mujer as a part of Centro Focal de Los Andes. The communal bank is made up of eight members and is overseen by a board of directors, of which señora Josefa is the president. The members' businesses are varied and include: internet service, sale of household goods, food sales, blanket sales, chicken sales, a clothing shop and a market stall. The loan the members of the communal bank will be taking out will benefit small micro-entrepreneurs, of whom señora Josefa is one. She says that this is the first time she is participating with Pro Mujer. She joined at the invitation of a promoter from the institution who came to visit her in her home. Señora Josefa currently has a business selling boiled beverages. She says that she started the business on her own initiative with a little bit of capital. The loan that señora Josefa is taking out will be to increase her capital; she will purchase wholesale dried peaches from the traditional markets in El Alto. She will later make and sell her beverages from street stalls in the markets. This line of work allows her to generate income to support her family. She is single and has three children. When asked what she likes about Pro Mujer, señora Josefa says that she likes the trainings and the savings accounts offered by the institution.