A loan of $3,000 helped a member purchase merchandise to sell (detergent, cosmetics, liquor, sweets) and ingredients to prepare food.

Las Margaritas Group's story

The Las Margaritas communal bank is made up of eleven women and one man. Most of them have families of five (two parents and three children). Most are middle class, while some are from rural areas and have scarce resources. Most of the group lives in rented homes. They are involved in various economic activities: Maribel is a gym teacher; Juana and Eugenio sell sweets and cookies; Mery and Reyna own neighborhood stores; Alicia sells laundry detergent; Angelica has a liquor store; Ariana, Patricia and Jhovana sell cosmetics; Juana Alejandra is an elementary school teacher; and Pamela sells silpanchos (breaded, thin-sliced beef, a popular lunch or evening meal in Bolivia).

There is a fair amount of competition in all of these areas, but the group members remain competitive by quickly moving from market to market, offering a variety of merchandise and introducing new items frequently. Most of the group will use this loan to buy more merchandise to sell.

Since this is not the group's first loan, most of the group members have credit experience already. Other members have participated in previous group loans at other microfinance institutions.

In this group: Mery Martha, Maribel, Juana Paulina, Alicia*, Angelica*, Ariana Patricia, Reyna Isabel, Patricia Florentina, Jhovana Liveth, Juana Alejandra, Pamela Ivone, Eugenio Alejandro
*not pictured

Loan details

Lenders and lending teams

Loan details