A loan of $3,850 helped a member to buy alpaca wool.

Villa Cumaravi Group's story

The communal bank "Villa Cumaravi" is starting its 9th loan cycle with Pro Mujer, in their Senkata office. This group has 11 members, and is led by a board of directors including Petrona, who is the president. The members of this communal bank have a variety of businesses, including: weaving blankets from vicuña wool, selling cosmetics, selling clothing, making mantillas (traditional lace headpieces), selling food, selling fried potatoes and sausages, and working as a construction assistant.

The loan that they are taking will benefit this group of small business-people, of which Petrona is a member. She states that she's been a member of Pro Mujer for 8 years. She joined at the invitation of a friend who is also a member. At this time, Petrona has a handicraft business where she makes blankets and mantillas. She started up this business on her own initiative, having learned to make these items from her parents when she was a child.

The loan that she is taking now will be used to increase her working capital (to buy alpaca wool from the traditional markets in the city of El Alto) so that she can later sell the finished goods in her retail space. This work will enable her to generate resources to support her household as best she can, because she is single and has a child.

When asked what she likes about Pro Mujer, she answered that she likes the savings accounts, the services, and the loans.

In this group: Petrona Rudy, Vasilia, Eulalia, Candelaria, Luisa , Celmira, Jhenny Jhannet, Lucia, Virginia, Demetrio, Jhanneth

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Translated from Spanish by Kiva volunteer Lisa Grobar

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