Total loan: $1,475
El Alto, La Paz Department, Bolivia / Construction
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A loan helped to expand his house's storage space in order to store merchandise.
Florencio continues with his business of selling diverse items. He invested the loan to repair the roof of his house, so that no water would leak and his children would sleep peacefully. He made his loan payments on time because he worked normally and had no problems. This time he is requesting a loan in order to expand his house's storage area. This is where he stores merchandise. It is built of adobe and the water filters through the walls, which causes the goods to be damaged and to generate financial losses. "I am improving my house for the well being of my family", he comments. The advantage of his house is that the building is old and easy to demolish; the disadvantage is the lack of capital to expand the storage space for his business. His dream is to improve his family's quality of life. He wants to expand his house's storage area in order to store merchandise. This is his 4th loan cycle with the institution in the 17 years he has been working in commerce. These are the reasons why Florencio is requesting a loan to expand his house's storage space in order to store merchandise.