A loan of $3,550 helped a member to buy yarn.

Yunguyo Group's story

The “YUNGUYO” community bank are starting their seventh loan cycle with Pro Mujer, as part of the Los Andes regional office. The group has eight members and is run by a board of directors which has Rosalía as its president. The businesses that the women are engaged in are varied and include: knitting sweaters, selling hair accessories, knitting blankets and running a neighborhood store.

This loan will benefit these small micro-businesswomen of which Rosalía is one. Rosalía says that she joined Pro Mujer four years ago, through an invite from a loan officer who went to visit her at home. She currently has a business making 'tullmas' (woven hair accessories). She learned this business from her aunt with whom she previously worked. After she got married she decided to set up her own business.

Rosalía will take out this loan to increase her capital. She will buy yarn wholesale from stores in the city of La Paz and then, after making her hair accessories, she will sell them from her sales location. This work allows her to make income with which to support her household. Rosalía is married and has five children.

When asked what she likes about Pro Mujer, Rosalía replied that she likes the savings.

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

Translated from Spanish by Kiva volunteer Linda Oxnard

Loan details

Lenders and lending teams

Loan details