Grupo Plaza Group


Status: Paying Back

$1,125.00   Loan Amount
49% repaid

About the Group

Group Name: Grupo Plaza Group
Group Members: Christian Daniel Matute Soto
Keny Jose Sierra Flores
Norma Catalina Reyes Escoto
Location: Tegucigalpa, Honduras
Activity: Clothing Sales

About the Loan

Loan Amount: $1,125.00
Loan Use: Purchase men's and women's clothing, watch boxes, and undergarments
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 28, 2009
Date Disbursed: Apr 25, 2009
Date Funded:Apr 29, 2009

About the Country

Country:Honduras
Avg Annual Income:$3,009.00
Currency:Honduras Lempiras (HNL)
Exchange Rate:18.8953 HNL = 1 USD



The plaza group has young members who are very united and have the motivation to improve themselves. This group is comprised of the following members:

Christian Daniel Matute is 23 years old and is the coordinator of the group. He sells undergarments, shirts, blouses, shoes, and toys for a living. He sells these products in the town where he lives and he travels on the weekends with his mother to the Olancho district, where the central market is located. He has been doing this activity for more than 5 years in order to cover his bills for university education.

Norma Catalina Reyes is 36 years old. She is an entreprenuer and a single mother of four children, two of whom are adults and two of whom are still in school. She has been making undergarments and sheets for more than 6 years. This job has allowed her family to improve their circumstances.

Kany Sierra is 21 years old and sells lotions, watch boxes, undergarments, and men's shirts (formal or casual). He has this job in order to help his mother with the household bills. He has had this job for over 3 years. With this loan, he would like to invest in tools to help him grow as a business man.

They are all entrepreneurs and team players.

Translated from Spanish by Brittany Thatcher, Kiva Volunteer


el grupo plaza es un grupo con integrantes jovenes y muy unidos que tienen muchas ganas de superarse, este grupo se conforma de la siguiente manera:
Christian Daniel Matute de 23 años de edad que es el cordinador del grupo, este muchacho se dedica a la venta de ropa interior, camisas, blusas, zapatos y juguetes, el vende estos productos en la colonia que recide y tambien viaja los fines de semana junto con la mama al departamento de Olancho en la zona del mercado de campamento, el tiene mas de 5 años de dedicarse a las ventas con este proceso se ayuda a cubrir los gastos que tiene en la universidad.
La Sra. Norma Catalina Reyes de 36 años de edad quien es una muchacha emprendedora, es madre soltera con 4 hijos de los cuales 2 ya estan grandes y dos estudian, ella se a dedicado a la costura de ropa interior y sabanas, tiene mas de 6 años de dedicarse a este rubro, esta actividad le ha ayudado a salir adelante con su familia.
El SR. Kany Sierra de 21 años de edad quien se dedica a la venta de lociones, estuches de reloj, ropa interior y camisas para hombres ya sean formales o sports, el se dedica a esto para poder ayudar a su madre con los gastos, el tiene mas de tres años de dedicarse a las ventas , con el dinero piensa invertir mas para tener una mejor utilidad y crecer como comerciante. todos ellos son personas emprendedoras y muy colaboradoras.


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 Grupo Plaza Group


Loan has been disbursed
 
Entrepreneur: Grupo Plaza Group
Location: Tegucigalpa, Honduras

Thank you for your loan. It has been disbursed to Grupo Plaza Group, consisting of Christian Daniel Matute Soto, Keny Jose Sierra Flores, Norma Catalina Reyes Escoto by Prisma Honduras, S.A. in Honduras. We are excited to watch this business grow. Over the 8 months of this loan, Prisma Honduras, S.A. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tegucigalpa, Honduras
Apr 30, 2009
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Kiva Help Repayment Schedule for Grupo Plaza Group

  Expected Repayments Actual Repayments Comments
July 2009 $0.00 $46.88  
August 2009 $140.62 $93.75 Repayment Received
September 2009 $140.62 $93.75 Repayment Received
October 2009 $140.62 $46.88 Repayment Received
November 2009 $140.62 $281.22 Repayment Received
December 2009 $140.62 Available Dec 1  
January 2010 $140.62 Available Jan 1  
February 2010 $140.62 Available Feb 1  
March 2010 $140.66 Available Mar 1