100%

funded

Total loan: $725

Maria Teresa

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

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A loan helped to buy a double-bed knitting machine to make new designs and sell them wholesale to retail vendors.


Maria Teresa's story

Maria is a 47-year-old woman, who is single and has a 5-year-old daughter. Her business is the production of wool hats. She is a good mother, is enterprising, consistent, independent, an optimist, responsible and very hardworking. She does her business in the 16 de Julio trade fair, the largest trade fair in the country, held on Thursdays and Sundays from very early in the morning. You can find anything you need at the fair. The climate is cold and dry, with daytime temperatures that vary between 0-12 degrees Centigrade.

Maria is dark-skinned with gray-brown eyes and long black hair, which she wears down. She is short and stocky. Her native language is Aymará, which she speaks at home, and she speaks Spanish in society and for business transactions. She enjoys life with her daughter who is still not of school age. They live in a home owned by her family that is constructed of brick and cement, with a corrugated roof and wood floor. The home has running water, electricity, gas service and sewer system.

Her business is the production of wool hats for children. She started in the business as the apprentice to a friend; then she bought a knitting machine and went independent. “For a wool hat, you need 100 grams of wool. The wool I use is quite thick, and can also be used for modern scarves, " she says. The advantage of her business is that it is a cold place and this keeps her sales consistent; the disadvantage is the lack of capital to buy a double-bed knitting machine. Her dream is to produce new designs to sell wholesale.

She hopes to buy a double-bed knitting machine to create new designs and sell them wholesale to retail vendors. This is her first round of loans with the institution since she started to work independently in the business 2 years ago.

That is why Maria is requesting a loan to buy a double-bed knitting machine to create new designs and sell them wholesale to retail vendors.