Cost model to evaluate investment and profitability in the artisanal production of Wayuu bags in Colombia Modelo de costos para evaluar inversión y rentabilidad en la producción artesanal de mochilas Wayuu en Colombia

Abstract

This study addresses the need to properly value artisanal work in vulnerable communities like the Wayuu of La Guajira, Colombia, who rely economically on the production of handmade bags. Due to the lack of an adapted costing system, these artisans face disadvantages that limit fair trade and affect their economy. The study aims to develop a cost model that allows for accurate evaluation of investment and profitability in the production of Wayuu bags, thus promoting sustainability and fair trade within these communities. Using a mixed-methods approach, qualitative and quantitative data were collected. Interviews and surveys were conducted to understand artisans' quality of life, while production cost data was gathered with the support of Universidad San Buenaventura Cali. The research identified key materials and processes in production, such as structuring, loop creation, and finishing, highlighting the complexity and value of Wayuu craftsmanship. The study concludes that a costing system is essential to properly value Wayuu crafts, ensure fair trade, and improve the artisans' economic conditions, addressing gaps in access to materials and fair compensation.

Keywords: Sustainability, fair trade, culture, processes, informality.