Total loan: $2,550
Las Inquietas Group
Santa Cruz de la Sierra, Santa Cruz, Bolivia / Retail
Las Inquietas Group's loan finished fundraising,
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A loan helped to purchase more accessories for cell phones, improving her inventory, in order to cover expenses incurred for her children.
Las Inquietas Group's story
Angelica is a 38-year-old woman who lives with her husband, and has 3 children, ages 4, 10, and 18. Her business is selling accessories for cell phones. Angelica is a good mother, enterprising, active, constant, patient, responsible and very hard-working. She is developing her business in the El Torno neighborhood that in recent years, has experienced a large demographic rate of growth due to the emigration of population from the country's interior. The climate is temperate, located as it is among 'meso-thermal' plains and valleys, though there are strong winds and torrential rains at certain times of the year. Angelica has a dark complexion, brown eyes, long black hair fastened at the back of her neck, a short stature, and a robust physical appearance. Her mother tongue is Guarani which she speaks in the family, but speaks Spanish in the general culture and in her business. (She is wearing a blue blouse in the photo.) Angelica lives with her husband. who works as a driver, and with her children. The eldest has finished school, while the middle child is in school, and the youngest is still in her care. They live in a rented room constructed of wood with a calamine roof and dirt floor that has electricity and well water extracted by a pump. The need to improve her business in order to cover family expenses led Angelina to lead a community bank composed of members with businesses such as selling meals, second-hand clothing, dairy products, vegetables, soft drinks, stuffed breads, and cheese. All are requesting loans in hopes of improving their incomes. Angela's business sells accessories for cell phones, including cases, batteries, hearing devices, and other “items on foot in markets and fairs. The merchandise rotates constantly and must be repeatedly renewed...” she says. The advantage of her business is that products rotate continuously. The disadvantage is the lack of capital to invest in purchasing new merchandise. Angela's dream is to open a store and cease the need to sell on foot. She wants to offer a larger variety of cell phone accessories, and with the benefits, cover her children's expenses. This is her first loan cycle with our institution during her 3 years in this activity. These are Angelina's motives for soliciting a loan – to purchase cell phone accessories in order to improve her offerings and be able to pay for the costs incurred in raising her children.