A loan of $2,000 helped a member to buy wool.

Yunguyo Group's story

The YUNGUYO group is entering its sixth loan cycle with Pro Mujer [Kiva field partner], as a part of the Focus Center of the Andes. The group is made up of eight women led by an executive council of which Rosalía is President. The members' businesses are varied, including selling knit hair beads, knit sweaters, and running a corner store and a confectionery.

The loan they're taking out will benefit a variety of small businesses, including the one that Rosalía is a part of. She tells us that she joined Pro Mujer three years ago, becoming interested through a representative who came to visit her at home. Currently, she weaves sweaters, which she says she learned to make from her mother who used to knit at home, slowly but surely building her own small weaving business.

The loan she's taking out now is to increase her working capital by buying wool from the markets in the city of El Alto. After production, she sells her sweaters by the dozen. This line of work allows her to support her home as much as she can, as she is married and has three children. When asked what she likes about Pro Mujer, she said she likes the savings and group lending.

In this group: Rosalia, Eugenia, Juana, Filomena Pascuala, Julia , Filomena, Rosalia, Martina

Translator profile picture

Translated from Spanish by Kiva volunteer Jacob Bintliff

Loan details

Lenders and lending teams

Loan details