Lidia Lopez's Group
Status: Paid Back
| $1,650.00 | Loan Request | |
|---|---|---|
| $1,650.00 | Paid Back |
About the Group
| Group Name: | Lidia Lopez's Group |
|---|---|
| Group Members: |
Gasparina Mendoza Cipriana Gavilan (not pictured) Gloria Mendoza (not pictured) Irma Espinosa Irma Melgarejo Zunilda Baez Francisca Rosario Zulma Leiva (not pictured) Doris Zaragoza Sonia Bareiro Estela Rojas Maria Carmona Ada Bobadilla Olga Recalde Alva Melgarejo Fatima Acuna Lidia Lopez |
| Location: | Villa Elisa, Paraguay |
| Activity: | General Store |
About the Loan
| Loan Amount: | $1,650.00 |
|---|---|
| Loan Use: | The loans from Fundación Paraguaya are invested in buying more goods for all the business women who are participating in the committee. Some of these good include meat, sugar, rice, vegetables, dairy, cheese, etc. These are sold by the women who own small general stores; however, other women used the funds to buy candies and sweets, cleaning supplies, and fabrics for their different businesses. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jan 29, 2008 |
| Date Disbursed: | Feb 12, 2008 |
| Date Funded: | Jan 29, 2008 |
| Loan Ended: | Apr 29, 2008 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Fundación Paraguaya |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 30 months |
| Kiva Entrepreneurs: | 11737 |
| Total Loans: | $2,788,775 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Paraguay |
|---|---|
| Avg Annual Income: | $4,555.00 |
| Currency: | Paraguay Guarani (PYG) |
| Exchange Rate: | 4,671.8500 PYG = 1 USD |
The committee has worked very well in the neighborhood and all the women meet weekly to discuss their businesses, and share the responsibility of paying back loans. On various occasions, they have put on joint activities for their families, and are friends and not just business members. However, they also solve problems together, everyone has a say in the group, and they always make decisions based on the good of the majority.
These mothers and businesswomen are asking for a loan in order to increase their supply of goods to be sold. They all wish to increase the size of their businesses, whether it is in the area of clothes, meat, groceries or sweets.
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 Lidia Lopez's Group
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Loan has been disbursed
Location: Villa Elisa, Paraguay
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Posted by
Denysse Figueredo from Villa Elisa, Paraguay
Jan 29, 2008 |
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Comments (2)
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Repayment Schedule for Lidia Lopez's Group
Repayment Schedule for Lidia Lopez's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| April 2008 | $0.00 | $550.00 | |||
| May 2008 | $550.00 | $550.00 |  Repayment Received
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| June 2008 | $550.00 | $550.00 | Repayment Received
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| July 2008 | $550.00 | $0.00 | Repayment Received
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