Yanapassiñani Group

The directive of Village Bank YANAPASIÑANI is made up of Mrs. Elena, Hilda Rosa, and Victor. The Bank has twelve components and the majority lie in the Kollipani area in the city of El Alto. The partners mostly engage in work such as retail sales, like the sale of vegetables, cheeses, clothing, small grocery stores and calling centers, some work weaving wool and macramé sweaters. The group is comprised of 80% women.
They need loans in order to raise their work capital, to stock up merchandise and purchase more supplies and materials to produce a more quality and competitive product. The competition they have in the area where they work is accesible to good sales because it is removed from the city center, so most of the revenue goes to support the livelihood of their families. The partners that knit or macramé wool and fabrics have a different market since they do work based on requests and sufficient demand.
The group is entering their fifth cycle, fulfilling all obligations responsibly and in a timely manner. They have sufficient experience within the group, and for this reason the Foundation Agrocapital has confidence in financing them yet again.

Translated from Spanish by Erin Hopkins, Kiva Volunteer

La directiva del Banco Comunal YANAPASIÑANI esta conformada por la señora Elena, Hilda Rosa y Víctor este Banco tiene doce componentes que en su mayoría radican en la zona de Kollpani de la ciudad de El Alto. Las socias en su mayoría se dedican a actividades comerciales como la venta de verduras, quesos, venta de ropa, pequeñas tiendas de abarrotes y punto de llamadas, algunas se dedican al tejido de chompas de lana y macramé, el grupo esta conformado por un 80% de mujeres. Ellas necesitan el crédito para aumentar su capital de trabajo y surtir sus mercaderías así como la compra de insumos y materiales para un producto de calida más competitivo. La competencia que tienen por el sector donde trabajan es accesible para una buena venta por que la zona mencionada esta alejada del centro de la ciudad, por lo que los ingresos son mayores para el sustento de sus familias. Las socias que realizan tejidos en lana o macramé tienen un mercado diferente ya que realizan su trabajo a pedido teniendo bastante demanda.
Este grupo ingresa a su quinto ciclo, cumpliendo con responsabilidad y cumpliendo con sus obligaciones puntualmente por lo que cuentan con experiencia suficiente con los grupos solidarios, es por esta razón que la Fundación Agrocapital le brinda la confianza para un nuevo financiamiento.


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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