A loan of $2,000 helped a member working capital.

Farolitos Group's story

The group “Farolitos” is represented by Mrs. Bertha Maxima and maD. up of 10 members, only one of whom is a man. This bank is characterized by being very united and happy. Mrs. Bertha Maxima, the group’s president is married. Her husband’s name is Gregorio. They have three children who are in high school. Their eldest daughter lives on her own in her own home. Mr. Gregorio works as a mini-bus driver in the city of El Alto to maintain his family. They live in a small rented house. Bertha Maxima and her husband hope to grow, bit by bit, and be able to buy a home. She sells artisan blankets for a living and would like to be able to increase her merchandise and earn a better income which would be useful for improving her children’s quality of life.

The rest of the group have different businesses like selling clothing (for children, accessories, lingerie) either by foot or in fixed stalls. One member sells writing materials, others sell food. In general, the group has a lot of experience with the businesses they do and this is why they are known in the fairs where they sell their products. Even though competition is pretty high in general, the group can count in its' experience and also on regular customers who know their work and require their services. On the other hand, the enthusiasm they have for what they do is important.

This loan will be used for working capital to purchase ingredients, materials, and merchandise to increase their sales and improve their incomes. This will allow them to proviD. more stable homes for their families. The group hopes to continue working and above all with financing to help them achieve their goals. This bank has ample experience with loans since this is not the first time they have applied for a loan. For example, this is the second time around they proved themselves responsible and honest so they can continue to grow.

In this group: Bertha Maxima, Concepcion Teodora , Veronica Miriam, Gabriela, Virginia Brigida, Giovana, Nelvy Adriana, Sandra Elizabet, Jesus Ignacio, Monica
*not pictured

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Translated from Spanish by Kiva volunteer Shelly Hubman

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