Total loan: $3,375

27 De Mayo Group

Santa Cruz de la Sierra, Santa Cruz, Bolivia / Food

27 De Mayo Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to purchase tables and chairs in order to sell food to more customers, and open a snack bar. .

27 De Mayo Group's story

Inelda is a young 20 year old woman. She lives with her partner, has no children, and she is in the hamburger sales business. Inelda is enterprising, independent, persevering, optimistic, responsible, and very hardworking. She is developing her business in “Plan 3000”, an area settled by the survivors of the river flooding in 1983, and situated 12 kilometers from the city center. Inelda is short and thin with a dark complexion, brown eyes, and long chestnut hair that she wears tied back. Her mother tongue is Guaraní, and she speaks Spanish with the general population and for her business. (She is seated in the center wearing a black blouse). She shares her life with her partner, who works in trade. They live in a rented room made of brick and cement, with a corrugated iron roof, and a cement floor that has potable water, electricity, and a sewer system. Inelda’s desire to succeed compelled her to lead a communal bank of people with businesses such as blanket weaving, cheese production, as well as fish, baked goods, secondhand clothing, noodle, and chicken sales to request loans and improve their businesses. Her business is selling hamburgers, and she covers different markets and businesses pushing her cart. “I started my business out of the need to become independent. I work every day, and I wish to open a shop so that I can stop selling on foot” she says. Her business’s advantage is that sales are steady, however, the disadvantage is that she doesn’t have investment capital to expand her business. Her dream is to open a snack bar, and she wishes to expand her business by purchasing tables and chairs in order to comfortably serve more customers. This is her first loan sequence with the institution in the three years that she has been engaged in this business. For these reasons, Inelda is requesting a loan to purchase tables and chairs in order to sell food to more customers, and open a snack bar. .