A loan of $1,000 helped to return the "anticrético" funds on her property to her tenants.

Giovana Lizette's story

Ms. Giovana is a very enterprising woman who began working at the age of seven helping her mother sell soft drinks. With time she took over responsibility for her mother's business selling "api" (Andean breakfast drink) with cakes and pastry. Previously she worked with the Manos Unidas communal bank where she began with a minimal amount. For two years she has been working with an individual loan, demonstrating her ability to make payments on time. Giovana also has a stall at the Christmas Fair in the the city of La Paz where she can make additional income. Now she works in the afternoon and studies at the university in the morning. She wants to become totally independent and help her mother retire. She lives with her mother and helps out with household expenses. With the loan she is asking for, Giovana will be able to return the "anticrético" money to her tenants, because their contract has been fulfilled, and she would like to be able to rent out her property instead. (An "anticrético" is a housing arrangement that is fairly common in Bolivia, in which tenants pay a large amount of money up front rather than paying rent monthly. The property owner can use the money during the contract period, but must return all the money to the tenants when the contract has been completed. For more information: http://en.wikipedia.org/wiki/Anticr%C3%A9tico)

Translated from Spanish by Kiva volunteer Kate Wegmann

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