A loan of $1,475 helped to buy a cocoa bean grinding machine.

Gonzalo's story

Gonzalo, 21, is a young man living alone in the “anticrético” modality [a transaction whereby a property owner requests a "loan" from you in exchange for housing, which must be paid back to you at the end of your contract. If your loan is not repaid, the property owner loses the property to you] because his parents are working in the fields.

His activity is producing chocolates to sell in various markets in the cities of La Paz and El Alto which is also where he buys raw materials like raw cocoa beans, sugar and other ingredients from wholesalers. It is very demanding work because its production is complicated because a long process must be followed grinding the cocoa beans by hand which is why he’s asking for a loan to buy a machine to do the grinding that will make his work much easier thus increasing production. The merchandise he produces he sells directly to his customers in the various markets to be sold which is why he came by our offices in person to request a loan because he wants to improve production with the purchase of said machine.

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Translated from Spanish by Kiva volunteer Polliz

Loan details

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Loan details