Microfinance in Bolivia

Bolivia is a country of 11 million and the second poorest in South America. It has been particularly hard hit by Corona Virus as many Bolivians live day to day, selling enough goods in a day to feed their family for the following day but saving nothing. Due to a lack of a functioning health service families are in lockdown with only one member allowed out, once a week to shop for food. This has hit the people very hard financially.

As a foundation we support Bolivia via CMS who have a family called The Pearts living and working ‘in country’. As well as their social mission in the country they are also using their business background to seed fund and mentor people to set up more substantial micro-businesses. This should provide a more sustainable income for families.

One of the more prosaic enterprises launched in the form of a pay per use toilet business.

We are grateful for Altor Foundation’s support, which has allowed us to continue and grow our missional work with Bolivian families through Parilis, our economic empowerment and microenterprise program focusing on sustainable employment and business mentorship.

The families and communities which benefit from these new opportunities are testimony to the Altor Foundation in reaching out to make a difference in our world. Thank you for blessing us and the communities that we are part of.

The Peart Family, Santa Cruz, Bolivia

Published by altorwealth

A full service advice and investment consultancy.

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