Total loan: $3,850

Alegria Group

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

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

A loan helped to buy wholesale cosmetics and to continue with her business of selling on credit.

Alegria Group's story

Ambar is a married, 28-year-old woman. She has 3 children, ages 3, 8, and 13. Her business is cosmetics sales. She is a good mother, friendly, and very honest. She carries out her business in the "mutualista" central neighborhood where the majority of the public and private offices are found. Ambar is tanned, short statured, and black haired. Her mother tongue is Guarani and she speaks Spanish. She is the first on the right, wearing a pink tank top and black capris. She shares her life with her husband who works in transportation, and with her children who study in school. They live in a rented brick house that has all the basic services. The need to improve her business brought her to form a bank of people with businesses such as: ceiling and wall painting; a locksmith; a food vendor; a second-hand clothes vendor; a natural health products vendor; a traditional baker; and a bookstore owner. Her business is cosmetics sales such as: eyeliner, lipstick, foundation, concealer, and others. "I go over long distances searching for my clients. No one visits in vain, they always end up taking something," she comments. The advantage of her business is that the sales are on credit and she can sell more; the disadvantage is that she receives the payments in installments and it diminishes the capital to reinvest in her business. Her dream is to open a store in order to give up walking. She wants to buy wholesale cosmetics in order to continue selling on credit. This is her first loan sequence with this institution in her 2 years carrying out her business. It is because of those motives that Ambar is requesting a loan to buy wholesale cosmetics and to continue with her business of selling on credit.