Total loan: $1,500


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El Alto, La Paz Department, Bolivia / Entertainment

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

A loan helped to purchase supplies to make fireworks and enliven the annual celebrations.

Teresa's story

Teresa prepares her business for the New Year's Eve celebrations. Her previous loan was used to work in her business. Her payments were punctual because she was able to sell all of the product. Her business of fireworks starts off the strongest season of the year. During this time her sales improve because her product is in high demand by all types of associations and institutions to celebrate the end of the year, the completion of goals and to honor employees and family members. Generally the gatherings are in plazas, sport fields and open spaces in order to eat, listen to live music and enjoy the pyrotechnic spectacles that enliven the gathering. "I am preparing pyrotechnics. I already have contracts for Christmas and New Years..." she comments.

Her business is success because the celebrateions and the pyrotechnics are very dear traditions. The advantage of her goods is that she can count on the high seasons. The disadvantage is the lack of materials such as combustible substances and other items to make her fireworks and supply her market.

Her dream is to sell in bulk. She wants to purchase the supplies for the fabrication of the fireworks for the New Years Eve celebrations. This is the third sequence of loans with the institution in the twenty years that it has been in service.

It is for these reasons that Teresa is asking for a loan to purchase supplies to make the fireworks and enliven the annual celebrations.