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Total loan: $3,325
Arca De Noe Group
El Alto, La Paz Department, Bolivia / Arts
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Arca De Noe Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase wool in bulk.
Arca De Noe Group's story
The “ARCA DE NOE” communal bank group will begin its second loan cycle with Pro Mujer as part of the Centro Focal de Villa Adela. It is made up of eight members and is led by officers, of whom Mercedes is the president. The businesses that the members of the communal bank group have are varied and among them are: the sale of blankets made from alpaca and vicuña, clothing sales, woolen blanket sales, show sales, carpentry shop. The loan that they are getting will benefit the small business owners of whom Mercedes is one. She says that three years ago she joined Pro Mujer, joining at the invitation of a sister-in-law who is a client of the institution. Currently she has a business selling blankets. She says that she learned this business from her own initiative since she knew the way of weaving and selling this product. The loan that she is now getting is to increase her capital (purchase wool in bulk) which she will get from the wholesalers in the city of La Paz and later, after production, will sell it upon the customer's request. This kind of work allows her to generate resources to support her family economically since she is single and has four children. When asked what she likes about Pro Mujer, she responds that she likes the health center and the training the institution offers.