Start lending monthly—and get a $50 lending credit! Join the movement today.
Total loan: $4,600
El Alto, La Paz Department, Bolivia / Food
Flag of Bolivia
Kollamarka Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy sugar at wholesale.
Kollamarka Group's story
The "Kollamarca" communal bank will begin its fortieth cycle in Pro Mujer as part of the Villa Tejada regional office. It is made up of nine members and led by an executive board; Señora Maxima is the treasurer. The members of the communal bank run a variety of businesses, including making braided blankets, food sales, cosmetics sales, sweets sales, a beauty salon, grocery sales, and a transportation service. The loan that they will take out will benefit small microbusiness owners like Maxima. She states that she joined Pro Mujer thirty-five years ago at the invitation of a friend who is a member of the institution. Currently, she has a business selling sweets and drinks. She explains that she started this business after seeing a friend who sold these products and obtaining capital from Pro Mujer to establish her own independent business. The loan she will take out now is to increase her capital for the purchase of sugar at wholesale; she will acquire it at street markets in the city of El Alto and after preparing it, she will sell it in her sales location. This way of working allows her to generate resources to support her family, as she is a widow and has seven children. When asked what she likes about Pro Mujer, she responds that she likes the savings and the institution's heath-related offerings.