Flores De Febrero Group


Status: Paying Back

$4,150.00   Loan Amount
67% repaid

About the Group

Group Name: Flores De Febrero Group
Group Members: LOURDES CORINA GONZALES ARNEZ
FRANCISCA IRMA MURGUIA USCAMAITA
EUGENIA HUANCA ELISA
LEANDRA CHAVEZ CHAVEZ
GRACIELA AMALIA CUSICANQUI PAREDES
NATALIO CHOQUE GUTIERREZ
HERMINIA TICONA CARI
DARIA CHOQUE GUTIERREZ
PASCUALA PACO CONDORI
MOISES IVAN MURGUIA REYES
MARIA CHOQUE GUTIERREZ
TERESA REMEDIOS FLORES CAPIONA
ELSA VIRGINIA PACO CHOQUE
ROSA CHOQUE
JOSEFINA GUTIERREZ ALANOCA
Location: La Paz / El Alto, Bolivia
Activity: Retail

About the Loan

Loan Amount: $4,150.00
Loan Use: Purchase merchandise & supplies
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 1, 2009
Date Disbursed: Jul 7, 2009
Date Funded:Aug 22, 2009

About the Country

Country:Bolivia
Avg Annual Income:$2,817.00
Currency:Bolivia Bolivianos (BOB)
Exchange Rate:6.9700 BOB = 1 USD



The “Flores de febrero” (Flowers of February) Association is a dynamic group of women who draw up their own rules such as the agreed day and time for their meetings, penalties for late payments, etc. The group’s president, Lourdes Gonzales, maintains order at each meeting.


Lourdes runs a bookstore and needs a loan to increase her merchandise, such as writing tablets, notebooks, pencils, greeting cards, and other items. The remaining members also have their own businesses selling shoes, clothing, and compact discs. However, the majority have macramé businesses that produce handmade satchels, scarves, and hats. They need a loan to buy supplies such as crochet materials.



Translated from Spanish by Ronan Reodica, Kiva Volunteer


“Flores de febrero” es un grupo de señoras dinámicas que elaboran su reglamento interno, es decir, ponerse de acuerdo en el día y hora de la reunión, así como las multas por retrazo, falta e incumplimiento de la cuota, a la cabeza de su presidenta Lourdes Gonzales quien las dirige bajo un ordenado orden del día.

Lourdes cuenta que ella tiene una librería y requiere del préstamo para incrementar su mercadería , es decir, comprar hojas, cuadernos, lápices, cartulina y otros. Las demás integrantes también tienen su propios negocios como la venta de zapatos, ropa y CD, pero una mayoría tiene el negocio de macramé, es un tipo de tejido que se hace con las manos y pueden elaborar carteras, chalinas y sombreros y necesitan el préstamo para comprar insumos como la cola de rata.




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 Flores De Febrero Group


Loan has been disbursed
 
Entrepreneur: Flores De Febrero Group
Location: La Paz / El Alto, Bolivia

Thank you for your loan. It has been disbursed to Flores De Febrero Group, consisting of LOURDES CORINA GONZALES ARNEZ , FRANCISCA IRMA MURGUIA USCAMAITA , EUGENIA HUANCA ELISA , LEANDRA CHAVEZ CHAVEZ , GRACIELA AMALIA CUSICANQUI PAREDES , NATALIO CHOQUE GUTIERREZ , HERMINIA TICONA CARI, DARIA CHOQUE GUTIERREZ , PASCUALA PACO CONDORI , MOISES IVAN MURGUIA REYES, MARIA CHOQUE GUTIERREZ , TERESA REMEDIOS FLORES CAPIONA , ELSA VIRGINIA PACO CHOQUE , ROSA CHOQUE , JOSEFINA GUTIERREZ ALANOCA 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 La Paz / El Alto, Bolivia
Aug 23, 2009
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Kiva Help Repayment Schedule for Flores De Febrero Group

  Expected Repayments Actual Repayments Comments
October 2009 $1,131.81 $1,131.81 Repayment Received
November 2009 $754.54 $754.54 Repayment Received
December 2009 $754.54 $934.07 Repayment Received
January 2010 $754.54 Available Jan 1  
February 2010 $754.57 Available Feb 1