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Wally Suma Group
In this Group: Condori, Ceferina, Natividad, Ines, Julia, Sofia, Martha, Graciela, Susi, Zulma, Hortencia, Yobana, Ceferina
The Juan Pablo II focal center is located in the city of El Alto, and in this center the association “Wally Suma” (which in the Aymara language means “Rich Enough”) meets. As most are married with an average of four children, the association members have found it necessary to have their own businesses which allow them to provide daily income for their homes. Within the group the majority have individual businesses, most of which sell food and clothes. They travel to Desaguadero (a town in La Paz) bringing wholesale merchandise to sell and also buying products there to sell at retail value at fairs in the city. The Wally Suma association needs more capital to increase sales. By buying greater quantities of merchandise they will generate more income that will enable them to cover their basic needs.
View original language description ↓

En la ciudad de El Alto se encuentra ubicado el centro focal Juan Pablo II, a éste pertenece la asociación “Wally Suma” (lengua aymará que significa; bastante rico)
Casadas en su mayoría y con un promedio de cuatro hijos, se vieron en la necesidad de buscar un negocio propio, que les permita obtener ingresos diarios en sus hogares.
Dentro el grupo la mayoría tienen negocios individuales, siendo las mas comunes; la venta de comida y venta de ropa. Realizan viajes al Desaguadero (localidad de La Paz) llevando mercadería para comercializarla allá y también compran productos de allá para comercializarlas al detalle en las ferias de la ciudad.
La asociación Wally Suma necesita de mayor capital para ampliar sus ventas, debe comprar mercadería en mayor cantidad, de este modo genera mayores ingresos que les permita cubrir sus necesidades.

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
  • 130
    View loans »
    Bolivia Loans Fundraising
  • $29,659,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Wally Suma Group's $3,175 loan helped a member purchase of wholesale merchandise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2008
Listed
Dec 17, 2008
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2009