100%

funded

Total loan: $4,275

5 De Junio Group

Flag of Bolivia
El Alto, La Paz Department, Bolivia / Retail

5 De Junio Group's loan finished fundraising,
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A loan helped to buy a 6-tray oven to bake wedding cakes a cookies for children's parties.


5 De Junio Group's story

Marisol is a 65-year-old mother who has 4 independent, adult children. She has a party decoration business. She is a good mother who is independent, perseverant, understanding, funny, responsible, and very hard-working. She carries out her business in the area of 'Cruce Villa Adela', where business has flourished in the past few years. In the past, commerce there was reduced to bars, kiosks, and pharmacies, but now it includes banks, schools, taxi stands, public bathrooms, shops, and hardware stores, among other things. The climate is cold and dry with a temperature that varies during the day from 0 to 12°C. Marisol has a dark complexion, long grey hair that wears in braids, and brownish-grey eyes, with an average build and short stature. She wears traditional clothing (hat, cloak, and skirt) and her maternal tongue is Aymará, which she speaks with her family, and she speaks Spanish with the general public and when doing business. In the photo, she is seated farthest to the right wearing a blue cloak. She shares her life with her husband who works as an electrician, and they live in their own home made of brick and cement with a corrugated iron roof that has potable water, electricity, and plumbing. Her desire to improve led her to form a credit group so that the members could take out a loan and improve their businesses. They sell things such as as wool sweaters, empanadas, oil in bulk, cellphone accessories, breakfast, and children's skirts and hats. She has a party decoration business. She is in charge of decorating all kinds of environments for parties, christenings, weddings, children's birthday parties, and engagement parties, among others, and she does this work every day of the week, working and receiving orders fom her fixed store during the day. She generally does the decorating on the weekends. She notes that every detail counts in party decoration, from the flowers that she chooses to decorate with up to the napkins that accompany the dishes. The advantage of her business is that she takes reservations during the day in order to fulfill them on the weekends, and the disadvantage is that she has to close her store on the weekends to take care of the decorating. Her dream is to expand her store and keep it open even on the weekends. She is requesting a loan to buy a 6-tray oven to make wedding cakes and cookies for children's birthdays and christenings to improve her business. This is her first cycle of loans with the institution in the year that she has been doing this business.