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Yunguyo Group
In this Group: Rosalia , Eugenia , Juana , Julia, Filomena, Rosalia, Paula , Martina
The Associación Comunal “YUNGUYO” (Yunguyo Communal Bank) will start its fifth cycle in Pro Mujer as part of the Los Andes Community Center. The group is composed of eight members and is led by a Board of Directors headed by Rosalía. The members of this Communal Bank engage in various activities such as food selling, selling of tullmas (hair braiding decorations), jumpers weaving, pastry making, blankets weaving, selling fruit salads and creams.

Rosalía is one of the micro entrepreneurs forming this group, and she will benefit from the requested loan. Rosalía says she has been a member of Pro Mujer for three years, and that she has been invited to enter by one of the promoters of this institution. She currently runs a sewing workshop where she creates tullmas, and she says she has learned this profession while helping her aunt creating this same craft, and that she later on decided to start her own activity.

The loan she in now requesting will be used to diversify her activity by buying alpaca wool in the fairs of the town of El Alto. She will knit the wool into sweaters to then sell it in her stall. This type of activity helps her earning an income to support her family as much as she can, as she is married and has six children.

When asked about what she likes of Pro Mujer, she answers that she likes the loans and the saving.
View original language description ↓
La A.C. “YUNGUYO” iniciará el quinto ciclo en Pro Mujer, como parte del Centro Focal de Los Andes, está compuesta por ocho integrantes y está dirigida por una mesa directiva donde la señora Rosalía es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos tenemos: venta de comida, venta de tullmas, tejido de chompas, elaboración de repostería, tejido de mantas, venta de ensalada de frutas y cremas.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Rosalía es una integrante, ella indica que desde hace tres años integra Pro Mujer, ingresando por invitación de una promotora de la institución. En la actualidad ella tiene un negocio de confección de tullmas, ella cuenta que este oficio lo adquirió cuando ayudaba a realizar estas artesanías a su Tía y posteriormente emprendió su propio negocio.

El crédito que ahora sacará es para diversificar el negocio (compra de lana de alpaca para tejer las tullmas) mismo que comprará de las ferias de la ciudad de El Alto y posteriormente a la elaboración lo comercializará en su puesto de venta. Esta forma de trabajo le permite generar recursos para apoyar en lo posible a su familia, pues ella es casada y tiene seis hijos.

Cuando se le consulta que le gusta de Pro Mujer, ella responde que le gusta el crédito y el ahorro.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Bolivia

  • $2,817
    Average annual income
  • 113
    View loans »
    Bolivia Loans Fundraising
  • $28,250,825
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Yunguyo Group's $3,125 loan helped a member to buy alpaca wool.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Aug 6, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012