Sumaq Huaytas De Arizona Group


Status: Paid Back

$2,275.00   Loan Request
$2,275.00   Paid Back

About the Group

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Group Name: Sumaq Huaytas De Arizona Group
Group Members: Anita
Paulina
Teofila
Hilaria
Celedonia Karina
Consuela
Rut
Leonor
Leonarda
Daria
Luzmila
Location: Ayacucho, Peru
Activity: Retail

About the Loan

Loan Amount: $2,275.00
Loan Use: To purchase cereals, young animals, sugar and rice
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 25, 2009
Date Disbursed: May 19, 2009
Date Funded:May 26, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0050 PEN = 1 USD



The members of the Sumaq Huaytas Community Bank are from the Arizona community, Vinchos District, Huamanga Province in the Department of Ayacucho.


The community is located 45 minutes from the city of Ayacucho. The main economic activities of the region are agriculture and livestock.


Hilaria is married and has 7 children. Hilaria sells cereals that she buys in the community and later sells in the city of Ayacucho. Hilaria mentions that through her bank she learned to save and she likes the trainings. With this loan, Hilaria plans to buy corn and barley.


Consuelo is a single mother and has 1 infant child. Consuelo sells cereals that she buys in the community and later sells in the city of Pisco. Her loan will be invested in the purchase of cereals. Consuelo’s dreams are to expand her business and save enough for her child.


Luzmila is married and has 12 children, all older. Luzmila raises young animals that she later sells in the local fairs. She works with her children. Her loan will be invested in the purchase of various cereals. Luzmila’s dreams are to educate her children in the university and improve her business.

Translated from Spanish by Rebecca Towle, Kiva Volunteer


Las socias del Banco Comunal Sumaq Huaytas son de la comunidad de Arizona, Distrito de Vinchos, Provincia de Huamanga y Departamento de Ayacucho.
La comunidad se ubica a 45 minutos de la ciudad de Ayacucho, las actividades primordiales de la zona son la agricultura y la ganadería.
Hilaria es casada y tiene 7 hijos, Hilaria vende cereales que compra en su comunidad y luego los comercializa en la ciudad de Ayacucho, Hilaria menciona que en su Banco aprendió a ahorrar y le gustan las capacitaciones, Hilario con el préstamo que obtendrá tiene proyectado comprar maíz, cebada.
Consuelo es madre soltera y tiene 1 hijo recién nacido, Consuelo vende cereales que compra en su comunidad y luego lo comercializa en la ciudad de Pisco, su préstamo será invertido en la compra de cereales, los sueños de Consuelos son ampliar su negocio y ahorrar lo suficiente para su hijo.
Luzmila es casada y tiene 12 hijos que ya son mayores, Luzmila se dedica a la crianza de animales menores que luego vende en las ferias de su zona, actividad que realiza con la ayuda de sus hijos, su préstamo será invertido en la compra de cereales variados. los sueños de Luzmila son educar a sus hijos en la universidad y mejorar su negocio.



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 Sumaq Huaytas De Arizona Group


Loan has been disbursed
 
Entrepreneur: Sumaq Huaytas De Arizona Group
Location: Ayacucho, Peru

Thank you for your loan. It has been disbursed to Sumaq Huaytas de Arizona Group, consisting of Anita , Paulina , Teofila , Hilaria , Celedonia Karina , Consuela , Rut , Leonor , Leonarda , Daria , Luzmila 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
May 27, 2009
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Kiva Help Repayment Schedule for Sumaq Huaytas De Arizona Group

  Expected Repayments Actual Repayments Comments
August 2009 $379.17 $379.17 Repayment Received
September 2009 $379.17 $379.17 Repayment Received
October 2009 $758.34 $758.34 Repayment Received
November 2009 $379.17 $379.28 Repayment Received
December 2009 $379.15 $379.04 Repayment Received