Gregoria Arana Álvarez


Status: Paid Back

$525.00   Loan Request
$525.00   Paid Back

About the Entrepreneur

Name: Gregoria Arana Álvarez
Location: El Tejar Chimaltenango, Guatemala
Activity: Home Products Sales

About the Loan

Loan Amount: $525.00
Loan Use: Purchase dietary supplements for resale
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 23, 2007
Date Disbursed: Sep 6, 2007
Date Funded:Aug 23, 2007
Loan Ended:Jun 7, 2008

About the Country

Country:Guatemala
Avg Annual Income:$4,155.00
Currency:United States Dollars (USD)



Gregoria Arana Álvarez is 71 years old and has been battling to make a living for her whole life. She keeps things going with three different businesses. Every school morning she's in front of the school selling tacos and other snacks to the children. Every Saturday she makes up a mountain of tamales and sells them in the neighborhood. But she still had free time when she wasn't working, so she started selling Omnilife dietary supplements door-to-door. She is using this loan to purchase the supplements, as she has to pay for them in advance when she orders them, but only gets paid when she delivers to the customer. She can buy a box of supplements from the supplier for about US$21 and sells it for almost $28. She's been selling about 8 boxes a week. She goes door to door and knows that she has to knock on 100 doors to get 2 sales.

Gregoria is a widow who had five children, but the two oldest boys, established professionals in their careers (one was a teacher and head of a school) were both murdered within the space of two months just 4 years ago. They were helping her get her house finished, but without their support the fix-up of the house has languished, and getting it finished so that her remaining children can inherit it in good condition is one of her biggest dreams. Her worries: she's starting to have problems with her feet, and every one of her three businesses involves walking and standing all the time. It has her scared. Also, the cost of corn has just gone up, so now the corn for tamales is costing almost $20 for a 100-pound sack, which is quite a bit higher than it was until recently.

Here you can watch a video of a payment meeting with Gregoria's women's group, the Mujeres "Shaddai".


Written by Nancy Lewis and Randy Fay, Kiva Fellows.


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Journal entries for Gregoria Arana Álvarez


Loan has been disbursed
 
Entrepreneur: Gregoria Arana Álvarez
Location: El Tejar Chimaltenango, Guatemala

Thank you for your loan. It has been disbursed to Gregoria Arana Álvarez by Friendship Bridge in Guatemala. We are excited to watch this business grow. Over the next 9 - 15 months, Friendship Bridge will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from El Tejar Chimaltenango, Guatemala
Sep 7, 2007
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Kiva Help Repayment Schedule for Gregoria Arana Álvarez

  Expected Repayments Actual Repayments Comments
December 2007 $58.33 $59.00 Repayment Received
January 2008 $58.33 $59.00 Repayment Received
February 2008 $58.33 $59.00 Repayment Received
March 2008 $58.33 $59.00 Repayment Received
April 2008 $58.33 $59.00 Repayment Received
May 2008 $58.33 $59.00 Repayment Received
June 2008 $58.33 $59.00 Repayment Received
July 2008 $58.33 $59.00 Repayment Received
August 2008 $58.36 $53.00 Repayment Received