A loan of $3,700 helped a member purchase more merchandise, such as fruit, drinks, sweets, dairy products, and bedspreads.

Sagrado Corazon Group's story

The Sagrado Corazon (Holy Heart) communal bank is maD. up of ten women and three men. Most of the group members have families of five (two parents and three children). Most are middle class, though some are from rural areas and have limited resources. Some of the group members own their own adobe homes, while others rent.

The group is involved in various economic activities: Elizabeth sells cleaning supplies; Julia and Julia Benita each work at and own a general store; Antonia and Lourdes sell bedcovers and bed pads; Juana sells sweets and drinks; Catalina sells dairy products like milk and cheese; Santa Nery sells fruit; Lidia works at a local cell-phone company store; Duglas is a mechanic; Marco Antonio is a reporter; and Edson does upholstery. The group members have different levels of experience in their businesses--some have been in business for just one year, while others, like Panfila, Santa Nery and Catalina, have been in business for 20 years.

Most of the group members will use their loans to purchase more merchandise to sell. There is a fair amount of competition in all of these areas, but the group members manage to stay competitive by offering a wiD. variety of merchandise and introducing new products. Most of them have experience with previous loans, both with the Sagrado Corazon group and with other groups at similar microfinance institutions in Bolivia.

In this group: Julia Benita, Elizabeth, Julia, Antonia Mercedes, Juana, Lourdes, Catalina, Santa Nery, Lidia, Duglas*, Marco Antonio, Panfila, Edson

Loan details

Lenders and lending teams

Loan details