Rincon Portada Group


Status: Paid Back

$2,700.00   Loan Request
$2,700.00   Paid Back

About the Group

Group Name: Rincon Portada Group
Group Members: MAURICIA MAMANI
FRANCISCA CALLE
ROSA CONDORI (not pictured)
MARTHA MARIA POMA
LUIS FERNANDO AGUILAR
DAMIANA TICONA
SILVIA EUGENIA MITA
MARITZA CONDORI
GABRIELA CONDORI
YSIDORA TICONA
GABY SALAS
Location: El Alto / La Paz, Bolivia
Activity: Retail

About the Loan

Loan Amount: $2,700.00
Loan Use: Buy merchandise and raw material
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 28, 2009
Date Disbursed: Jun 5, 2009
Date Funded:Jul 16, 2009
Loan Ended:Nov 17, 2009

About the Country

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



The members of the Rincón Portada association sell their products in the well known 16 de julio fair, which is located in the zone of the same name (city of El Alto). They belong to the Alto Lima community center. The group formed approximately five years ago with 11 members.

They sell vegetables, cheese, socks, chicken, and hand woven clothes. They also make handicrafts, popcorn, and mattresses.

The Rincón Portada association now needs to buy merchandise and raw materials to increase their production and sales. They are sure that they will obtain better earnings.


Translated from Spanish by Ginny Kalish, Kiva Volunteer


En la conocida feria 16 de julio ubicada en la zona del mismo nombre (ciudad de El Alto) ofrecen sus productos las integrantes de la asociación “Rincón Portada” pertenece al centro focal Alto Lima, está formado por once miembros que lograron consolidarse en este grupo hace cinco años aproximadamente.
Se dedican a la venta de verduras, queso, medias, carne de pollo, ropa tejida a mano, también realizan tejidos artesanales, elaboran pipocas (palomitas de maíz) y también confeccionan colchones.
Ahora la asociación Rincón Portada necesita comprar mercadería y materia prima para aumentar su producción y posteriores ventas, 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 Rincon Portada Group


Loan has been disbursed
 
Entrepreneur: Rincon Portada Group
Location: El Alto / La Paz, Bolivia

Thank you for your loan. It has been disbursed to Rincon Portada Group, consisting of MAURICIA MAMANI, FRANCISCA CALLE, ROSA CONDORI, MARTHA MARIA POMA, LUIS FERNANDO AGUILAR, DAMIANA TICONA, SILVIA EUGENIA MITA, MARITZA CONDORI, GABRIELA CONDORI, YSIDORA TICONA, GABY SALAS 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
Jul 17, 2009
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Kiva Help Repayment Schedule for Rincon Portada Group

  Expected Repayments Actual Repayments Comments
September 2009 $736.35 $736.36 Repayment Received
October 2009 $490.90 $490.89 Repayment Received
November 2009 $490.90 $490.90 Repayment Received
December 2009 $736.35 $981.85 Repayment Received
January 2010 $245.50 Available Jan 1 Repayment Received