Total loan: $4,300

M.b. Group

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

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

A loan helped to supply their grocery store with every type of product for feeding a family.

M.b. Group's story

called Elizabeth. Elizabeth is a 35 year old woman who lives with her partner. She has 5 children who are 4, 8, 10, 14, and 16 years old and her business is selling groceries.
She is a good mother, constant and very hardworking. She runs her business in the Carmen IV neighborhood, which is known for hosting the survivors of a river flooding that happened some years ago, and which today has become a thriving manufacturing zone.
Elizabeth is a brunette, of short stature, and physically robust. Her mother tongue is Guaraní and she speaks Spanish. (In the photo, she is the first on the right, in a red top.) She shares her life with her partner, who works, and with their children, who are in school. They live in their own home, which is made of brick and has all the basic services. The need to improve her business took her to the enterprise bank where there are businesses such as: selling food, selling natural medicines, selling second-hand clothing, making sheets, selling fruit, running a greengrocery, and selling fast food. Her business is a grocery store and she sells drinks, snacks, haberdashery, and other very variable goods. "Everyday I need to resupply my store" she says.
The advantage of her business is that there isn't local competition. The disadvantage is the lack of money to resupply the business.
Her dream is to have a well-stocked store. She wants to invest in her grocery store, stocking it with all types of products. This is her first loan cycle with the institution in the 2 years that she has been running her business.
It is for these reasons that Elizabeth is requesting a loan to supply her store with all types of goods for feeding a family.