San Juan Masias Group


Status: Paying Back

$2,700.00   Loan Amount
75% repaid

About the Group

Group Name: San Juan Masias Group
Group Members: NANCY SANJINEZ GARCIA
MARYURI ROXANA CAMPOS SANJINEZ (not pictured)
MERY SOLEDAD RIVAS RODRIGUEZ
ROSA ALFARO YBARRO
RAFAEL TREBEJOS RODRIGUEZ
MARIA MOROCHO CULQUICONDOR
KRIS STEFANIE DIAZ MORENO
STANLEY NAILEA CAMPOS SANJINEZ (not pictured)
YANDERITH SINGLER ARROYO RIVAS
ELSA CORDOVA AGUILAR
ROSA ALCA QUISPE
Location: Callao, Peru
Activity: Retail

About the Loan

Loan Amount: $2,700.00
Loan Use: Grow their businesses
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 4, 2009
Date Disbursed: May 26, 2009
Date Funded:Jun 21, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0250 PEN = 1 USD



The San Juan Masías group is located in the town of San Juan Masías in the region of Callao, Peru. It has been together for three years and is made up of 11 members, all great businesspeople with desires to move up in life. The members make a living in diverse economic activities, such as selling beauty products, clothing, food, etc. Among the members are Rafael Trebejos Rodriguez (seen seated in the photo), who has been the group's president since it was formed. He is from the Ancash region of Peru and is 54 years old. After he was laid off unexpectedly he could not find a job, so he started working with his wife selling juices at outdoor stands. At first, he says it was difficult because he was accustomed to working in an office, but out of major economic necessity he had to keep making headway. Now, 11 years later, he looks at what he has achieved with satisfaction. He now has a food stand in a local market and has seen his daughter, accompanied by his wife, study abroad. With 2,000 soles from the group loan approved by Kiva partner EDAPROSPO, he plans to continue growing his business and working even harder to fulfill his dream of having a restaurant, and in this way he can continue supporting his children and his young grandson.

Translated from Spanish by Marty Greenstein, Kiva Volunteer


La Alcom “SAN JUAN MASIAS” se encuentra ubicada en la urbanización San Juan Masías en la región del CALLAO – LIMA – PERU; tiene 3 años de constituida y está conformada por 11 socios, todos grandes emprendedores y con deseos de superación dedicados a diversas actividades económicas como la venta de productos de belleza, ropa, comida, etc. Entre los cuales encontramos al señor TREBEJOS RODRIGUEZ, Rafael Fortunato (a quien lo podemos observar sentado en la foto adjunta); Presidente de la alcancía desde hace 03 años; él es un ancashino de 54 años que debido a un despido improvisto y al no encontrar trabajo tuvo que salir a trabajar junto a su esposa vendiendo jugos ambulatoriamente.
Al inicio fue difícil, como el lo comenta, debido a que el señor estaba acostumbrado a trabajar en oficina, pero era mayor la necesidad económica que tuvo que seguir adelante.
Hoy después de 11 años mira con satisfacción sus logros obtenidos ya que ahora él cuenta con un puesto de comida en un mercado y ha logrado que su hija, acompañada de su esposa, estudie en el extranjero. Con los S/. 2,000.00 otorgados por EDAPROSPO piensa seguir incrementado su negocio y trabajar más arduamente para lograr su sueño de tener un restaurante y de ese modo seguir apoyando a sus hijos y a su nietecito.



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 San Juan Masias Group


Loan has been disbursed
 
Entrepreneur: San Juan Masias Group
Location: Callao, Peru

Thank you for your loan. It has been disbursed to SAN JUAN MASIAS Group, consisting of NANCY SANJINEZ GARCIA, MARYURI ROXANA CAMPOS SANJINEZ, MERY SOLEDAD RIVAS RODRIGUEZ, ROSA ALFARO YBARRO, RAFAEL TREBEJOS RODRIGUEZ, MARIA MOROCHO CULQUICONDOR, KRIS STEFANIE DIAZ MORENO, STANLEY NAILEA CAMPOS SANJINEZ, YANDERITH SINGLER ARROYO RIVAS, ELSA CORDOVA AGUILAR, ROSA ALCA QUISPE by EDAPROSPO in Peru. We are excited to watch this business grow. Over the 4 months of this loan, EDAPROSPO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Callao, Peru
Jun 22, 2009
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO
 
Entrepreneur: San Juan Masias Group
Location: Callao, Peru

During a routine audit of Field Partner EDAPROSPO, Kiva discovered a number of discrepancies between the information posted to the Kiva website and what actually occurred on the ground. Specifically, many loans uploaded to the website before December 2008 contain inaccurate loan amounts, terms and/or loan uses.

This is in violation of Kiva policy, and as such, as soon as we were alerted to a possible violation we placed EDAPROSPO on "pause." After placing them on pause, Kiva proceeded to execute a complete verification of every loan EDAPROSPO posted to the Kiva website; in total we examined 757 loans.

As a result of our audit, we have discovered that 52% of the loans posted to the Kiva website by field partner EDAPROSPO contain data inaccuracies. 98% of these inaccuracies pertain to loans posted to the Kiva website before December 2008, when EDAPROSPO was under a different management team. After significant management turnover at the end of 2008, almost all loans on the Kiva website contain complete and accurate information and these loans comprise only 2% of the total discovered inaccuracies.

You are receiving this email as we wanted to alert you that, after our verification efforts, Kiva cannot confirm that the specific loan you funded was actually disbursed. We can, however, confirm that the person you lent to is an EDAPROSPO borrower. Because EDAPROSPO has decided to guarantee all loans made on Kiva, you have continued to receive repayments on schedule.

Because the new management team has proven that they are committed to providing accurate and transparent information to the Kiva website, and because they have repaid almost all of the inaccurate loans on-time, Kiva has decided to re-open the Kiva-EDAPROSPO relationship. During this new "pilot" phase on Kiva, we will be working closely with the new EDAPROSPO team, including their internal and external auditors, to continually verify new EDAPROSPO loans posted to Kiva, and if we are alerted to any new inaccuracies we will pause their relationship with Kiva and follow-up accordingly.

If you have any questions, please visit Kiva's Help Center at http://www.kiva.org/about/help.


Posted by Michelle May Kreger, Kiva Staff, from San Francisco, United States
Jul 11, 2009
Comments (4)

Kiva Help Repayment Schedule for San Juan Masias Group

  Expected Repayments Actual Repayments Comments
September 2009 $675.00 $675.00 Repayment Received
October 2009 $675.00 $675.00 Repayment Received
November 2009 $675.00 $675.00 Repayment Received
December 2009 $675.00 Available Dec 1