Las Progresivas Group


Status: Paying Back

$4,250.00   Loan Amount
63% repaid

About the Group

(For privacy reasons, the Field Partner has requested that location be undisclosed)
Group Name: Las Progresivas Group
Group Members: Idalmi Salvatierra Rosales
Ana Ynga Rojas Justiniano
Dolores Raldes Hurtado
Roberto Galvez Vargas
Luis Alberto Dorado Raldes
Veronica Dorado Raldes
Fabiola Pedraza Dominduez
Maria Chavez Aguilera (not pictured)
Lorenza Dominguez Galindo
Ivone Lizet Inda Uvaras
Rosario Carmen Laime Vargas
Doris Tapia Soleto
Location: Location Undisclosed, Bolivia
Activity: Clothing Sales

About the Loan

Loan Amount: $4,250.00
Loan Use: To increase working capital.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 6, 2009
Date Disbursed: Jun 25, 2009
Date Funded:Jul 28, 2009

About the Country

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



Cooperative Bank: LAS PROGRESIVAS was founded on November 20, 2008, at the initiative of a group of women. It is located in the PRIMAVERA neighborhood, located on 4th Street in the Plan 3000 zone. The group is in its 3rd cycle, and is comprised of 12 people. We have as our President: Mrs. ANA YNGA ROJAS JUSTINIANO, Treasurer: FABIOLA PEDRAZA DOMINGUEZ and Secretary: IDALMI SALVATIERRA ROSALES. The group has women and men who dedicate themselves to selling cosmetics, food, hamburgers, bakery goods, jewelry, CDs and DVDs, and footwear. These are activities that require fast credit approvals.

Ana Ynga Rojas Justiniano is the president of the cooperative bank. She dedicates herself to clothing sales and, with this new loan, she will also start selling shoes. She has been in this line of work for 3 years and, concurrently, she takes care of the household tasks. Ana Ynga Rojas Justiniano is responsible for the group, and she will not disappoint given the opportunities presented by Emprender. Her income helps to sustain her family. This woman is responsible and accomplished within the group, in addition to being one of the founders of the LAS PROGRESIVAS cooperative bank.

Mr. Roberto Galves is a long-time member of the cooperative bank. He sells CDs and also does computer maintenance work. He is a responsible member of the group, and the opportunities provided by Emprender are important to him in order to augment his income and improve his standard of living. He is also one of the leaders of the group, ensuring that loan payments are made on time.

Mrs. Fabiola Pedraza is the treasurer of the group, and she dedicates herself to making and selling cakes. She has been in this line of work for 3 years, working 6 days a week for 8 hours per day. She makes cakes and delivers them to her customers. This is the second loan by the cooperative bank, and she is very grateful for the opportunities provided by Emprender and the LAS PROGRESIVAS group.


Translated from Spanish by Mary Lynn Malaby, Kiva Volunteer


Banco de Emprendimiento: LAS PROGRESIVAS fue fundado el 20 DE NOVIEMBRE del 2008, a iniciativa de un grupo de señoras .Se encuentra situado en el Barrio PRIMAVERA , situado enl la calle 4, de la zona del Plan 3000. El grupo esta en su 3er ciclo, compuesto por 12 personas,como Presidenta tenemos a la señora:ANA YNGA ROJAS JUSTINIANO, Tesorera : FABIOLA PEDRAZA DOMINGUEZ y de Secretaria: IDALMI SALVATIERRA ROSALES. En el grupo hay señoras y señores que se dedican a la venta de cosmeticos, comida, venta de Hamburguesa, pasteleras, venta de bijouteria, venta de cd y dvd, venta de zapatos. Son actividades que necesitan créditos rápidos.

La Sra.Ana Ynga Rojas Justiniano ella es la presidente del Banco de Emprendimiento, .Ella se dedica al rubro de venta de ropa y con este nuevo credito ofrecera zapatos tambien, dentro del rubro tiene 3 años de antiguedad, asimismo realiza labores de casa. La Sra.Ana Ynga Rojas Justiniano es responsable dentro del grupo y la oportunidad que le brinda Emprender no la defraudara. Con los ingrersos que percibe ayuda al sustento de su familia. La Sra, es responsable y cumplida en el grupo además de ser una de las fundadoras del Banco de Emprendiemiento LAS PROGRESIVAS.

La Sr. Roberto Galvez es socio antiguo del del Banco de Emprendimiento.Él se dedica a la venta de CD's, tambien se dedica al mantenemiento de computadoras. Es una persona cumplida y responsable en el grupo, la oportunidad que le brinda Emprender es importante para él para incrementar sus ingresos económicos y mejorar sus condiciones de vida. Tambien él es uno de los lideres del grupo y hace que todas cumplan con sus cuotas.

La Sra. Fabiola Pedraza es la tesorera del grupo, se dedica a la elaboración y venta de pasteles, tiene 3 años de antigüedad en el rubro , trabaja 6 dias a la semana y 8 horas al dia, su trabajo es elaborar los pasteles y entregarlos a sus clientes. Este es su segundo crédito en el Banco de Emprendieminto, esta muy contenta con la oportunidad que le brinda Emprender y el grupo LAS PROGESIVAS .







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 Las Progresivas Group


Loan has been disbursed
 
Entrepreneur: Las Progresivas Group
Location: Location Undisclosed, Bolivia

Thank you for your loan. It has been disbursed to Las Progresivas Group, consisting of Idalmi Salvatierra Rosales, Ana Ynga Rojas Justiniano, Dolores Raldes Hurtado, Roberto Galvez Vargas, Luis Alberto Dorado Raldes, Veronica Dorado Raldes, Fabiola Pedraza Dominduez, Maria Chavez Aguilera, Lorenza Dominguez Galindo, Ivone Lizet Inda Uvaras, Rosario Carmen Laime Vargas, Doris Tapia Soleto by Emprender in Bolivia. We are excited to watch this business grow. Over the 5 months of this loan, Emprender will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Location Undisclosed, Bolivia
Jul 29, 2009
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Kiva Help Repayment Schedule for Las Progresivas Group

  Expected Repayments Actual Repayments Comments
September 2009 $641.00 $620.89 Repayment Received
October 2009 $666.53 $673.15 Repayment Received
November 2009 $693.09 $698.51 Repayment Received
December 2009 $720.70 $724.83  
January 2010 $749.42 Available Jan 1  
February 2010 $779.26 Available Feb 1