Santiago Apostol Group
Status: Paying Back
| $2,075.00 | Loan Amount |
|---|
About the Group
(For privacy reasons, the Field Partner has requested that last names be undisclosed)| Group Name: | Santiago Apostol Group |
|---|---|
| Group Members: |
Ana Sofía DOMINGA MARIA LUISA MARTHA PILAR BENITA MARGOTH MODESTA (not pictured) ISABEL FELICITAS ELOY DEISI |
| Location: | Cusco, Peru |
| Activity: | Retail |
About the Loan
| Loan Amount: | $2,075.00 |
|---|---|
| Loan Use: | Working capital |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Sep 1, 2009 |
| Date Disbursed: | Jul 22, 2009 |
| Date Funded: | Sep 13, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Asociación Arariwa |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 14 months |
| Kiva Entrepreneurs: | 1957 |
| Total Loans: | $534,600 |
| Delinquency Rate: | 0.47% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Peru |
|---|---|
| Avg Annual Income: | $6,715.00 |
| Currency: | Peru Nuevos Soles (PEN) |
| Exchange Rate: | 3.0150 PEN = 1 USD |
Our members alternate their different activities, from housework to specific tasks. With the sale of handicrafts, three members have their stand in the collective shopping center. The women bring merchandise from Bolivia (clothing, games, and gadgets, among other things). At the same shopping center, other members sell books, others have a kiosk for breakfast food, two members run two restaurants, and two more members sell school supplies. One of our members, Sra. Modesta Escalante, is absent from the group for health reasons. These members are very hardworking people and want to keep moving ahead, and for that they require a loan to be able to reinvest in their different businesses.
Our members both value and thank you for your support by providing a loan through this organization. They are committed to repaying this loan within the established time frame.
Translated from Spanish by Sarah Merchlewitz, Kiva Volunteer
Los socios del banco comunal “SANTIAGO APOSTOL”, están situados en el distrito de Santiago en la provincia y departamento del Cusco.
Nuestros socios alternan sus diferentes actividades tanto del hogar como particulares; con la venta de artesanía, tres socias tienen sus stand en el centro comercial confraternidad, ellas traen mercadería de Bolivia (ropas, juguetes, artefactos, entre otros), otros socios venden libros en el mismo centro comercial, otros tiene su stand de venta de desayunos y 2 restaurantes de dos socios, y 2 socios más venden útiles escolares, una de nuestras socias está ausente por motivos de salud, su nombre es la Sra. Modesta Escalante, estos socios son gente muy trabajadora y desean seguir adelante y para esto requieren un préstamo para reinvertir en sus diferentes negocios.
Nuestros socios valoran y agradecen el apoyo brindado y el préstamo otorgado mediante este medio, y se comprometen a cumplir con el pago en el plazo establecido.
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 Santiago Apostol Group
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Loan has been disbursed
Location: Cusco, Peru
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Posted by
from Cusco, Peru
Sep 14, 2009 |
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Comment on this entry
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Santiago Apostol at Arariwa
Location: Cusco, Peru
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Posted by
Sheethal Shobowale from Cusco, Peru
Nov 19, 2009 |
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Comment on this entry
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Repayment Schedule for Santiago Apostol Group
Repayment Schedule for Santiago Apostol Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $996.83 | $997.84 |  Repayment Received
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| December 2009 | $528.51 | $529.05 | Repayment Received
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| January 2010 | $549.66 | Available Jan 1 | |||
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