A loan of $3,925 helped a member to buy vicuna wool.

Los Angeles Group's story

The communal bank "Los Angeles" [The Angels] is going to start its second round in Pro Mujer, as part of the regional hub of Villa Adela. It has eight members and it's run by a board where Nila is the treasurer. The businesses that the members of the communal bank carry out are varied and among them there are: making and selling blankets, weaving sweaters, pants sewing, selling vegetables, making alpaca blankets, grocery stores, sale and yarn of vicuna wool.

The loan that are requesting will benefit small micro businesses where Nila is a member. She says that she entered Pro Mujer six months ago, entering by invitation of a promoter of the institution who went to her home. She currently runs a business that yarns and sells vicuna wool. She states that she purchased this business when she was unemployed, because she knew to elaborate vicuna yarn. From that date, she works in the business.

The loan she will receive is to increase working capital (to buy vicuna wool). She buys it in fairs in the provinces and then she sells it in her stall. This way to work allows her to generate resources to support her family in whatever she can, because she cohabits and has two children. When asked about what she likes about Pro Mujer, she responds that she likes the savings.

In this group: Ana Nativa, Viviana Gabriela, Erodita, Nila, Benigna , Mary , Celia Dora , Claudina

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Translated from Spanish by Kiva volunteer Elisabet Falgueras

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