Señor De Quinuapata Group


Status: Paid Back

$1,850.00   Loan Request
$1,850.00   Paid Back

About the Group

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Group Name: Señor De Quinuapata Group
Group Members: Gloria
Sorayda
Olimpia
Haydee
Olinda
Aurora
Rigoberta
Magdalena
Nelly Espirita
Betzy
Eusebia
Location: Ayacucho, Peru
Activity: Retail

About the Loan

Loan Amount: $1,850.00
Loan Use: El Bancomunal is requesting 5,700 for their 11 members to invest in their businesses.
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 18, 2009
Date Disbursed: Apr 2, 2009
Date Funded:Apr 18, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1050 PEN = 1 USD



The members of Banco Comunal Señor de Quinuapata are from the Cangallo province, which is located 3 hours outside of the city of Ayacucho. The population mainly works in the commercial industry, and also in agriculture. This communal bank belongs to Region Wari of FINCA Peru.

Gloria is a single woman who sells all types of desserts that she prepares herself, including humita, porridge, and muffins. She is also a nurse and works at the health center. The loan she will get is to be invested in the purchase of ingredients, such as flour, to cook cakes. Gloria's dreams are to have a desserts store.

Zoraida is a single mother with 2 children. Zoraida works selling ice cream that she sells in the different markets and communities. Zoraida plans to have a store, and her loan will be invested to purchase groceries for the store. Zoraida's dreams are to improve her businesses, fulfill herself, and travel when she becomes older.

Betzy is a single mother of 2 children aged 6 and 8 years old. She began selling cosmetics by catalogue, but now actually has a store where she sells clothing, shoes, jewelry, and cosmetics. With the loan, she will be able to purchase linens and other products to stock her business. Betzy's dreams are to have a store in the city of Huamanga and that her children have everything they need.

Translated from Spanish by Josh Wilcox, Kiva Volunteer


Las socias del Banco Comunal Señor de Quinuapata son de la Provincia de Cangallo, que se ubica a 3 horas de la ciudad de Ayacucho, la población de la zona se dedica en mayor proporción al comercio, también a la agricultura. Este bancomunal pertenece a la Region Wari de FINCA Peru.

Gloria es soltera, vende todo tipo de postres como humita, mazamorra, queques, que ella misma prepara, además es enfermera de profesión y trabaja en el centro de salud. el préstamo que obtendrá será invertido en la compra de insumos para la preparación de tortas como harina. Los sueños de Gloria son tener una tienda de postres.

Zoraida es madre soltera y tiene 2 hijos, Zoraida se dedica a la venta de helados que vende en las diferentes ferias y comunidades, Zoraida tiene proyectado tener una bodega, su préstamo será invertido en la compra de abarrotes. Los sueños de Zoraida son mejorar sus negocios, realizarse como mujer y viajar en la vejez.

Betzy es madre soltera, tiene 2 hijos de 6, 8 años, Betzy inicio vendiendo cosméticos por catálogos actualmente tiene una tienda en donde vende ropa, zapatos, joyas, cosméticos. Con el préstamo que obtendrá comprará lencería y otros productos para surtir su negocio. Los sueños de Betzy son tener una tienda en la ciudad de Huamanga y que sus hijos tengan todo lo necesario.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Señor De Quinuapata Group


Loan has been disbursed
 
Entrepreneur: Señor De Quinuapata Group
Location: Ayacucho, Peru

Thank you for your loan. It has been disbursed to Señor de Quinuapata Group, consisting of Gloria, Sorayda, Olimpia, Haydee, Olinda, Aurora, Rigoberta, Magdalena, Nelly Espirita, Betzy, Eusebia by FINCA Peru in Peru. We are excited to watch this business grow. Over the 5 months of this loan, FINCA Peru will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ayacucho, Peru
Apr 19, 2009
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Kiva Help Repayment Schedule for Señor De Quinuapata Group

  Expected Repayments Actual Repayments Comments
July 2009 $308.33 $308.33 Repayment Received
August 2009 $308.33 $308.33 Repayment Received
September 2009 $308.33 $308.33 Repayment Received
October 2009 $616.68 $616.68 Repayment Received
November 2009 $308.33 $308.33 Repayment Received