Patron De San Jeronimo Ii Group


Status: Paying Back

$3,575.00   Loan Amount
32% repaid

About the Group

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Group Name: Patron De San Jeronimo Ii Group
Group Members: IGNACIA
PAULINA
ZOILA ESPERANZA
FLORA
JUSTO PASTOR
ADELA FORTUNATA
GISELDA
SOFIA
HENRY (not pictured)
TERESA
PAULA GENOVEBA
EDUARDA
DINA
EPIFANIO
RAUL
Location: Cusco, Peru
Activity: Retail

About the Loan

Loan Amount: $3,575.00
Loan Use: Working capital
Repayment Term: 5 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 1, 2009
Date Disbursed: Sep 21, 2009
Date Funded:Oct 5, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.8700 PEN = 1 USD



The members of the community bank "Patron de San Jeronimo II" are located in the city of Cusco, having their meeting headquarters in the Huanchac district.

Our members alternate their various activities between different business and services. Among the members there are taxi drivers, mechanics, members that have grocery stores, a bookstore, a teacher, and members who sell beauty products, wood, anticuchos (grilled meats) and another member who sells candy. Our members are requesting the loan to reinvest in their different businesses and in this way see greater earnings in a smaller amount of time.

Our members are thankful and value the loan granted in this manner and at the same time promise to make their repayments on time.



Translated from Spanish by Kate Divjak, Kiva Volunteer


Los socios del banco comunal PATRON DE SAN JERONIMO II; están situados en la ciudad del Cusco, teniendo su cede de reunión en el distrito de huanchac.

Nuestros socios alternan sus diversas actividades con el comercio y servicios diversos, entre los socios hay taxistas, mecánicos, socias que tienen tiendas de abarrotes, librería, docente, venta de productos de belleza, venta de leña, venta de anticuchos (carnes a la parrilla); y otra socia que vende golosinas. Nuestros socios solicitan el préstamo para reinvertir en sus diferentes negocios y así ver mayor ganancia en menor tiempo.


Nuestros socios agradecen y valoran el préstamo otorgado mediante este medio y del mismo modo se comprometen a cumplir con el pago de sus cuotas 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 Patron De San Jeronimo Ii Group


Loan has been disbursed
 
Entrepreneur: Patron De San Jeronimo Ii Group
Location: Cusco, Peru

Thank you for your loan. It has been disbursed to Patron De San Jeronimo Ii Group, consisting of IGNACIA, PAULINA, ZOILA ESPERANZA, FLORA, JUSTO PASTOR, ADELA FORTUNATA, GISELDA, SOFIA, HENRY, TERESA, PAULA GENOVEBA, EDUARDA, DINA, EPIFANIO, RAUL by Asociación Arariwa in Peru. We are excited to watch this business grow. Over the 2 months of this loan, Asociación Arariwa will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Cusco, Peru
Oct 6, 2009
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Kiva Help Repayment Schedule for Patron De San Jeronimo Ii Group

  Expected Repayments Actual Repayments Comments
December 2009 $1,145.24 $1,146.29 Repayment Received
January 2010 $1,191.06 Available Jan 1  
February 2010 $1,238.70 Available Feb 1