Las Semillitas Group


Status: Paying Back

$2,900.00   Loan Amount
60% repaid

About the Group

(For privacy reasons, the Field Partner has requested that last names and location be undisclosed)
Group Name: Las Semillitas Group
Group Members: EDELMIRA (not pictured)
ANA MARIA
DOMINICA GLADIS
GLORIA VIOLETA
AYDEE ZURAYDA
VICTORIA
RAUL EDUARDO
JUAN ANTONIO
MARUJA
CARMEN
Location: Location Undisclosed, Peru
Activity: Services

About the Loan

Loan Amount: $2,900.00
Loan Use: To buy the necessary supplies to prepare food, deserts and tamales
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 1, 2009
Date Disbursed: Jul 20, 2009
Date Funded:Aug 26, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0050 PEN = 1 USD



Mrs. Edelmira, from Chosica, Lima, Peru, is 40 years old and lives with her partner and 4 children. She has already been working with EDAPROSPO for 2 years and now assumes the position of president of the small community bank “Las Semillitas”, which is made up of 11 members who have various businesses such as: selling and hiring out clothing, selling food, and other things. Originally she made and sold tamales (steamed corn-dough wrapped in banana leaves), tortas and snacks, made to order. Her initial loan was for 500 Peruvian soles. Now she has had a restaurant “El Piqueos” for a year. With the loan of 1,200 soles she will buy the necessary supplies to prepare the food, deserts and tamales, which help her to increase her income and improve her children’s quality of life and education. In the future she would like to start a small tamales business and for her children to have good jobs.

Translated from Spanish by Lara Francis, Kiva Volunteer


La señora Edelmira Núñez, natural de Chosica Lima – Perú, tiene 40 años de edad conviviente, con 4 hijos.
Trabaja con EDAPROSPO- Prosperidad desde hace 2 años, actualmente asume el cargo de presidenta de la alcancía comunal “Las Semillitas”, el cual esta conformado por 11 socios quienes realizan diversas actividades como: venta y alquiler de vestidos y ropas, venta de comida y otros.
Inicialmente se dedicaba a la preparación y venta de tamales, tortas y lonches, según pedidos, su préstamo inicial fue de S/. 500.00 Nuevos Soles.
Actualmente tiene su restaurante “EL PIQUEOS” desde hace un año, con el préstamo de S/.1200.00 Nuevos Soles, comprara los insumos necesarios para abastecer tanto para la comida, postres y tamales, mediante los cuales le ayuda incrementar sus ganancias y mejorar la calidad de vida educativa de sus hijos.
En el futuro anhela formar una pequeña empresa de tamales y que sus hijos sean unos profesionales.


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 Semillitas Group


Loan has been disbursed
 
Entrepreneur: Las Semillitas Group
Location: Location Undisclosed, Peru

Thank you for your loan. It has been disbursed to Las Semillitas Group, consisting of EDELMIRA, ANA MARIA, DOMINICA GLADIS, GLORIA VIOLETA, AYDEE ZURAYDA, VICTORIA, RAUL EDUARDO, JUAN ANTONIO, MARUJA, CARMEN 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 Location Undisclosed, Peru
Aug 27, 2009
Comments (1)

Kiva Help Repayment Schedule for Las Semillitas Group

  Expected Repayments Actual Repayments Comments
October 2009 $580.00 $580.00 Repayment Received
November 2009 $580.00 $580.00 Repayment Received
December 2009 $580.00 $580.00 Repayment Received
January 2010 $580.00 Available Jan 1  
February 2010 $580.00 Available Feb 1