San Martin De Porres Group


Status: Paying Back

$1,050.00   Loan Amount
0% repaid

About the Group

(For privacy reasons, the Field Partner has requested that location be undisclosed)
Group Name: San Martin De Porres Group
Group Members: MAGALI ROSARIO RIVERA ISIDRO
ENRIQUE GUSTAVO DAVILA ALVAREZ (not pictured)
BENITA FILOMENA JOAQUIN ORE
ZENAYDA ASUNCIONA RODRIGUEZ MONTALVO
JUANA ROSA GARCIA RIOS
JUAN EGOAVIL PAYTA
CESAR AUGUSTO JIMENEZ CASTRO
CARMEN LUZ SOTO HUARANGA
Location: Location Undisclosed, Peru
Activity: Retail

About the Loan

Loan Amount: $1,050.00
Loan Use: Supplies to make Christmas dolls.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 1, 2009
Date Disbursed: Oct 23, 2009
Date Funded:Nov 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9100 PEN = 1 USD



SAN MARTIN DE PORRES
This group is made up of eight persons who, through their various business activities, have sought to progress in order to provide their families with a better quality of life. This is the case of:
Magali Rivera Isidro, 39, who is currently the treasurer of the “San Martín de Porres” communal bank. Although her husband is the main provider, Magali decided to prepare catered meals to help her husband. She offered her meals to city workers and to UGEL (local school). Profits from these meals grew and she needed to invest in supplies like a sack of rice, a sack of sugar and utensils. Thus, she began her participation in EDAPROSPO – PROSPERIDAD's loan program. She used the profits from her business for her eldest son's educational expenses (materials and travel costs) since he is studying industrial/architectural design at a state university. Magali took some crafts workshops at CEO “San Juan Bautista” last year and created some items. She had to stop selling meals because sales declined. She requests this loan to buy supplies to make Christmas decorations and dolls. These supplies would include such things as: decorative ribbons, wreaths, decorations, "cola de rata" (rat's tail, a type of colored ribbon) in various colors, silicone, Santa and Mrs. Claus faces, and "napa" (stuffing for the dolls). Her work is very charming as can be seen by the photo and it attracts the attention of friends and family who have placed orders.

Translated from Spanish by Michael Bujazan, Kiva Volunteer


SAN MARTIN DE PORRES

En este grupo participan ocho personas, los cuales a través de sus negocios han buscado la manera de de progresar con el fin de dar a su familia una mejor calida de vida, tal es el caso de:
Magali Rivera Isidro tiene 39 años de edad, actualmente ocupa el cargo de tesorera en la esta alcancía comunal “San Martín de Porres”. A pesar que su esposo es el que afronta con la mayor parte de los gastos familiares, Magali decidió vender menú hace tres años con la finalidad de apoyar a su esposo. Los platos de menús los ofrecía a los trabajadores de la municipalidad y UGEL, los ingresos de estas ventas fueron incrementando lo cual necesitó un mayor capital para la inversión de un saco de arroz, saco de azúcar y utensilios; es así que pronto participa de los créditos de EDAPROSPO – PROSPERIDAD.
Utilizó las ganancias de su negocio en la preparación académica a su hijo mayor, quien hoy curso la carrera de diseño arquitectónico industrial en una universidad del estado, así mismo para sus materiales de estudio y pasajes.
Magali hizo algunos trabajos de manualidades el año pasado para ello estudió en el CEO “San Juan Bautista”, tuvo que dejar de vender comida porque bajó las ventas.
Requiere del préstamo para comprar materiales para hacer muñequitos y adornos navideños: cintas decorativas, guirnaldas, adornos, cola de rata de varios colores, silicona, caritas de papa Noel y mama Noela, y napa que es el relleno para los muñequitos. Son muy lindos sus trabajos como se puede apreciar en la foto que trajo la atención a sus amistades y conocidos los cual le han hecho pedidos.



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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Lenders to this group

CherylS
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Richard
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Greta Galeazzi
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Kay
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One Horizon Foundation
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Henry Yang DDS
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Barbara
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Jeff
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Rangarajan R.
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GPG
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Ganesh
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Shree
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Abra
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Annette
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Jillian
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Paula Kivafriends.org
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Laurent D
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Sheila
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Baby and Blu
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William
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Nazaret
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l t h
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Team LOTUS
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RaviG
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Wanda
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steve archambault
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Alexander
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Journal entries for San Martin De Porres Group


Loan to MAGALI ROSARIO RIVERA ISIDRO
ENRIQUE GUSTAVO DAVILA ALVAREZ
BENITA FILOMENA JOAQUIN ORE
ZENAYDA ASUNCIONA RODRIGUEZ MONTALVO
JUANA ROSA GARCIA RIOS
JUAN EGOAVIL PAYTA
CESAR AUGUSTO JIMENEZ CASTRO
CARMEN LUZ SOTO
 
Entrepreneur: San Martin De Porres Group
Location: Location Undisclosed, Peru

Thanks to you and 37 other Kiva Lenders, the 1050.00 loan requested by MAGALI ROSARIO RIVERA ISIDRO
ENRIQUE GUSTAVO DAVILA ALVAREZ
BENITA FILOMENA JOAQUIN ORE
ZENAYDA ASUNCIONA RODRIGUEZ MONTALVO
JUANA ROSA GARCIA RIOS
JUAN EGOAVIL PAYTA
CESAR AUGUSTO JIMENEZ CASTRO
CARMEN LUZ SOTO HUARANGA in Peru has been 100% funded. The loan will be used for the purpose of: Supplies to make Christmas dolls..

Over the months of this loan, Kiva’s Field Partner in Peru, EDAPROSPO, will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Location Undisclosed, Peru
Nov 15, 2009
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Kiva Help Repayment Schedule for San Martin De Porres Group

  Expected Repayments Actual Repayments Comments
January 2010 $262.50 Available Jan 1  
February 2010 $262.50 Available Feb 1  
March 2010 $262.50 Available Mar 1  
April 2010 $262.50 Available Apr 1