Total loan: $3,500
Las Rosas Group
Santa Cruz de la Sierra, Santa Cruz, Bolivia / Services
Las Rosas Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to rent a shop and buy supplies.
Las Rosas Group's story
Karen is 24 years old and lives with her husband. She has two children, ages 2 months and 3 years and she runs a manicure business. She is a good, dynamic, trustworthy, responsible, and hardworking entrepreneur. She runs her business on foot in the ‘mutualistic’ zone, a central commercial area where public and private office buildings are located side by side. There’s a warm, sub-tropical climate with a daily temperature between 21 and 35 degrees. Karen has brown skin, brown eyes, long black hair, with a robust complexion, and is of short stature. Guaraní is her mother tongue, which she speaks at home, and speaks Spanish culturally and in her business. (She is to the left of the image, wearing white and holding a baby.) She shares her life with her husband, who works in transportation, and her children who are not yet of school age. They live in a rented brick and cement room, with a tin roof and a cement floor. It has electricity, running water, and sewage. She formed an entrepreneur club with 8 people out of her need to improve her income, get a loan to improve her business. They are carpenters, sell food, second hand clothing, ceramic art, natural health products, juices, and make hats She has a manicure business and provides hand care and nail polishing. She sets her own hours in beauty and hair salons. She provides haircuts, and finger and toe nail cleaning and polishing for her customers. She says, “I am a mobile worker, mostly in offices. This occupation allows me time to care for my children because the hours are flexible.” The advantage she has in her business is that she has steady customers. The disadvantage is that she needs capital to rent a fixed shop to work from and care for her babies. Her dream is to open her own beauty shop. She wants to rent a location so she can set up a fixed manicure site and buy some supplies such as cuticle remover liquid and sticks, nail clippers, cotton, etc. This will be her first loan through the institution during her two years in business. Karen is asking for this loan to rent a space and buy work supplies.