Total loan: $3,375
El Alto, La Paz Department, Bolivia / Arts
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Mercedes 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 in bulk.
Mercedes Group's story
The non profit group Mercedes will start their tenth loan cycle with Pro Mujer as part of the regional hub of Cascada. The group is made up of eight members and is directed by an executive board of whom Jimena is the president. The businesses that the community association's members run are varied and include selling cattle, shawls, food and clothing. This loan will benefit the small micro businesses that Jimena is a part of. She tells us that three years ago she joined Pro Mujer by invitation of a friend who is a client of the institution. At the moment Jimena runs a business selling shawls. She revealed that she started this business many years ago to help her sister with her business, after which she decided to start up her own business independently. The loan Jimena is currently applying for is to increase her capital (by buying wool in bulk) which she will buy from the bulk vendors in the city of El Alto and then sell in her own point of sale. This line of work allows her to generate an income to help her family financially as she is married with one son. When asked what she liked best about Pro Mujer, Jimena replied that she liked the training sessions that the institution offers.