A loan of $3,150 helped a member purchase more merchandise to sell.

Las Margaritas Group's story

The Las Margaritas group is comprised of 13 women and one man who live in the La Ramada area of Santa Cruz de la Sierra in tropical eastern Bolivia. Three of the group members (Juan Carlos, Rossy and Esperanza) are siblings.

The group members are involved in different businesses, mostly in sales: Marcelina, Lucia, Magda and Isabel sell cosmetics, Kelly has a bakery, Fabiola and Esperanza sell clothing, Rosa sells artifacts, Paola sells toys, Juan Carlos is in construction, Gloria has an Internet café, Vanessa is a stylist, and Roxana sells crafts. The members have different levels of experience in their lines of work. Most of them have had their businesses from one to three years, although Susana has been selling her merchandise for 12 years.

The group is taking out this loan with the hope of growing their respective businesses, and most of them will use the money to buy more merchandise to sell.

Most of the members have had previous experience with loans at other Bolivian microfinance institutions, such as Pro Mujer and Crecer.

In this group: Marcelina, Lucia, Vanessa, Kelly, Gloria, Magda, Fabiola, Roxana, Esperanza, Juan Carlos, Rossy Paola, Rosa, Maria Isabel, Susana
*not pictured

Loan details

Lenders and lending teams

Loan details