Milagros Group
Status: Paying Back
| $4,650.00 | Loan Amount |
|---|
33% repaid
About the Group
(For privacy reasons, the Field Partner has requested that last names be undisclosed)| Group Name: | Milagros Group |
|---|---|
| Group Members: |
Heraclia Esther Eunice Marcelina Esther Victoria Brith Karen Julia Constantina Gladys Luz Mery Noemi Sandra Faustina Juana Felicitas Trilce Leny Gracilda Glicerio Timoteo Celia Natalia Benancia |
| Location: | Ayacucho, Peru |
| Activity: | Retail |
About the Loan
| Loan Amount: | $4,650.00 |
|---|---|
| Loan Use: | Purchase wheat, barley, rice, sugar, milk, cosmetics, vegetables and small animals |
| Repayment Term: | 7 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Aug 16, 2009 |
| Date Disbursed: | Aug 14, 2009 |
| Date Funded: | Aug 28, 2009 |
About the Field Partner
About the Field Partner
|
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| Field Partner: | FINCA Peru |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 27 months |
| Kiva Entrepreneurs: | 9340 |
| Total Loans: | $2,717,400 |
| Delinquency Rate: | 0.00% |
| 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: | 2.9300 PEN = 1 USD |
The Milagros (Miracles) Communal Bank began its fourth cycle with 22 members. They engage in different retail businesses selling grain, clothing, groceries, cosmetics, vegetables, meats, and small animals.
El Banco Comunal Milagros inicia su Cuarto ciclo con 22 socias.
Las socias realizan diferentes negocios como la venta de cereales, ropa, abarrotes en general, cosméticos, verduras, comidas, cereales, pescado, animales menores.
Las socias necesitan diferentes montos de prestamos como 300 soles, 600 soles, 900 soles haciendo un total de 13,600 soles de prestamos en el Banco Comunal.
Sus prestamos serán invertidos en la compra de trigo, cebada, arroz, azúcar, leche, cosméticos, verduras y animales menores.
Los sueños de las socias son ampliar sus negocios, tener local estable, casa propia y que sus hijos tengan una buena educación y sean 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
The members need different loan amounts ranging from 300 soles, 600 soles, to 900 soles for a total of 13,600 soles to the entire Communal Bank.
Their loans will used to purchase wheat, barley, rice, sugar, milk, cosmetics, vegetables and small animals.
The members dream of expanding their businesses, having stable vending locations, owning their own homes, and educating their children so that they can become professionals.
Translated from Spanish by Ronan Reodica, Kiva Volunteer
El Banco Comunal Milagros inicia su Cuarto ciclo con 22 socias.
Las socias realizan diferentes negocios como la venta de cereales, ropa, abarrotes en general, cosméticos, verduras, comidas, cereales, pescado, animales menores.
Las socias necesitan diferentes montos de prestamos como 300 soles, 600 soles, 900 soles haciendo un total de 13,600 soles de prestamos en el Banco Comunal.
Sus prestamos serán invertidos en la compra de trigo, cebada, arroz, azúcar, leche, cosméticos, verduras y animales menores.
Los sueños de las socias son ampliar sus negocios, tener local estable, casa propia y que sus hijos tengan una buena educación y sean 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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Billy
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Anonymous
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Bo
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Top Lending Teams for this group
Atheists, Agnostics, Skeptics, Freethinkers, Secular Humanists and the Non-Religious
Common Interest
7009 Members
Journal entries for Milagros Group
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Loan has been disbursed
Location: Ayacucho, Peru
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Posted by
from Ayacucho, Peru
Aug 29, 2009 |
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Comment on this entry
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Repayment Schedule for Milagros Group
Repayment Schedule for Milagros Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $775.00 | $775.11 |  Repayment Received
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| December 2009 | $775.00 | $775.11 | Repayment Received
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| January 2010 | $774.99 | Available Jan 1 | |||
| February 2010 | $1,550.00 | Available Feb 1 | |||
| March 2010 | $775.01 | Available Mar 1 | |||
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