Luz Y Vida Group


Status: Paid Back

$4,125.00   Loan Request
$4,125.00   Paid Back

About the Group

Group Name: Luz Y Vida Group
Group Members: JULIETA CONDE
MARIA CHUQUIMIA
PALACIO PAULINA PALACIO
MARIA PATTY
ISABEL MERY MOLINA
VIRGINIA ALVAREZ
BEATRIZ QUISPE
NORA MAMANI
JENNY MARISOL QUINO
ALEJANDRA ALVAREZ
JUAN CARLOS MAMANI
MARGARITA SUNTURA
SUSANA MAMANI
ESTEFANI CATACORA
Location: El Alto / La Paz, Bolivia
Activity: Retail

About the Loan

Loan Amount: $4,125.00
Loan Use: Purchase merchandise
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 21, 2009
Date Disbursed: May 6, 2009
Date Funded:May 22, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Bolivia
Avg Annual Income:$2,817.00
Currency:Bolivia Bolivianos (BOB)
Exchange Rate:7.0200 BOB = 1 USD



The "Luz y Vida" Association belongs to Alto Lima center in the 16 de julio district of the city of El alto. The group was created by 14 members who have worked together with Pro-Mujer for approximately one year. The majority of the women are married with large families.

Members of the group participate in a variety of activities. Some own neighborhood stores, while others sell chompas (traditional sweaters), spare parts for vehicles, signs and stationary supplies. Juan Carlos owns a repair shop for electrical items. The Luz y Vida Asociation needs to purchase merchandise to increase their sales so that they can earn higher incomes and support their families.

Translated from Spanish by Priya Bapat, Kiva Volunteer


En la zona 16 de julio de la ciudad de El alto se encuentra ubicado el centro focal Alto Lima, a este pertenece la asociación “Luz y Vida” formado por catorce miembros que trabajan junto a Pro-Mujer hace un año aproximadamente.
La mayoría de ellas son casadas y con familias numerosas. Existen varias actividades dentro el grupo, algunas tienen tiendas de barrio, otras de ellas venden chompas, repuestos de vehículos, letreros, material de escritorio, Juan Carlos tiene un taller de electricidad. La asociación Luz y Vida necesita comprar mercadería para ampliar sus negocios, de esta manera generaran mayores ingresos para sostener económicamente a sus familias.



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 Luz Y Vida Group


Loan has been disbursed
 
Entrepreneur: Luz Y Vida Group
Location: El Alto / La Paz, Bolivia

Thank you for your loan. It has been disbursed to LUZ Y VIDA Group, consisting of JULIETA CONDE, MARIA CHUQUIMIA, PALACIO PAULINA PALACIO, MARIA PATTY, ISABEL MERY MOLINA, VIRGINIA ALVAREZ, BEATRIZ QUISPE, NORA MAMANI, JENNY MARISOL QUINO, ALEJANDRA ALVAREZ, JUAN CARLOS MAMANI, MARGARITA SUNTURA, SUSANA MAMANI, ESTEFANI CATACORA 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 23, 2009
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Kiva Help Repayment Schedule for Luz Y Vida Group

  Expected Repayments Actual Repayments Comments
July 2009 $375.00 $375.00 Repayment Received
August 2009 $750.00 $750.00 Repayment Received
September 2009 $750.00 $750.00 Repayment Received
October 2009 $750.00 $750.00 Repayment Received
November 2009 $1,125.00 $1,125.00 Repayment Received
December 2009 $375.00 $375.00 Repayment Received