Cielo Azul Group


Status: Paid Back

$4,250.00   Loan Request
$4,250.00   Paid Back

About the Group

Group Name: Cielo Azul Group
Group Members: RICELA LEMA
ELENA PEREZ
FREDESWINDA LEMA
JULIA RAFAEL
AZUCENA LEMA
TERESA HIDALGO
MARTHA ASPIAZU
MARIA MENACHO
OVIDIO CHALLCO
YANETH CHALLCO
MILAGROS QUINTANA
ALISON ROJAS
LIZETH QUEVEDO
MILENA SALAZAR
JUDITH CHALLCO
Location: El Alto / La Paz, Bolivia
Activity: Retail

About the Loan

Loan Amount: $4,250.00
Loan Use: Need to buy products.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: May 3, 2009
Date Disbursed: Apr 28, 2009
Date Funded:May 20, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Bolivia
Avg Annual Income:$2,817.00
Currency:United States Dollars (USD)



The association “Cielo Azul’ is primarily involved in informal commerce. They sell clothes, office supplies, shoes, and food. Others are seamstresses; some sell coffee.

For more than four years they have responsibly worked with Pro-Mujer in the main center of Villa Adela. Some are street venders and others have stalls. They want to increase their sales. To do this, they need to get a larger quantity of products.

They are sure they will be able to get better earnings.

Translated from Spanish by Ginny Kalish, Kiva Volunteer


El comercio informal es la actividad principal a la que se dedica la asociación “Cielo Azul”, venden ropa, material de escritorio, cosméticos, zapatos, comida, otras son costureras, también ofrecen servicio de café. Trabaja junto a Pro-Mujer, en el centro focal Villa Adela hace más de cuatro años con mucha responsabilidad. Ellas realizan sus ventas de manera ambulante y también algunas en puestos, desean ampliar sus ventas, para esto necesitan adquirir mayor cantidad de productos. Tienen la seguridad que obtendrán mejores ganancias.




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 Cielo Azul Group


Loan has been disbursed
 
Entrepreneur: Cielo Azul Group
Location: El Alto / La Paz, Bolivia

Thank you for your loan. It has been disbursed to CIELO AZUL Group, consisting of RICELA LEMA, ELENA PEREZ, FREDESWINDA LEMA, JULIA RAFAEL, AZUCENA LEMA, TERESA HIDALGO, MARTHA ASPIAZU, MARIA MENACHO, OVIDIO CHALLCO, YANETH CHALLCO, MILAGROS QUINTANA, ALISON ROJAS, LIZETH QUEVEDO, MILENA SALAZAR, JUDITH CHALLCO by Pro Mujer Bolivia in Bolivia. We are excited to watch this business grow. Over the 5 months of this loan, Pro Mujer Bolivia will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from El Alto / La Paz, Bolivia
May 21, 2009
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Kiva Help Repayment Schedule for Cielo Azul Group

  Expected Repayments Actual Repayments Comments
July 2009 $386.36 $386.36 Repayment Received
August 2009 $772.72 $772.72 Repayment Received
September 2009 $1,159.08 $1,159.08 Repayment Received
October 2009 $772.72 $772.72 Repayment Received
November 2009 $772.72 $772.72 Repayment Received
December 2009 $386.40 $386.40 Repayment Received