Petalo 1 Group


Status: Paid Back

$1,400.00   Loan Request
$1,400.00   Paid Back

About the Group

Group Name: Petalo 1 Group
Group Members: Flor De Maria Aguilar Rodriguez
Felipa De Jesus Hernandez Calvo
Virgelina Diaz Gomez
Candelaria Diaz Gomez
Luz Mireya Diaz De Cos
Location: Ixtapa, Mexico
Activity: Pub

About the Loan

Loan Amount: $1,400.00
Loan Use: Purchase refreshments
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 17, 2008
Date Disbursed: Mar 3, 2008
Date Funded:Feb 18, 2008
Loan Ended:Nov 15, 2008

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:10.7600 MXN = 1 USD



Luz Mireya is a member of the support group Petalo 1. Luz and her husband have been selling refreshments in the work camps near their village over the past 8 years. Mrs.Mireya is 38 years old, has three children and she is requesting the loan to purchase more refreshments. With more stock she hopes to increase her income to maintain her family and keep her business going.



The other group members are: Candelaria Diaz Gomez (poultry sales), Virgelina Gomez Perez (silver jewellery sales), Felipa de Jesus Hernandez Calvo and Flor Maria Aguilar Rodriguez (clothing sales).



Translated from Spanish by Henry Corral, Kiva volunteer.




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

Nicolas
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Van
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Don & Peg
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Ashwin
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Retha
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Betsy
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Anonymous
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Andrea
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Henry
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Tim & Tina
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Sonya
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Richard
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Dunbar Family
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Norene
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Kevin
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Bev and Jim
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Millicent
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Eileen
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Michael
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The Fat Pack
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Andrew
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Sylvia
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Yvonne
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Gregory
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quinn
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Cynthia
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Michael
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Roy,Sandy & Shadow
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Anonymous
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Journal entries for Petalo 1 Group


Loan has been disbursed
 
Entrepreneur: Petalo 1 Group
Location: Ixtapa, Mexico

Thank you for your loan. It has been disbursed to the PETALO 1, consisting of Luz Mireya Diaz De Cos, Candelaria Diaz Gomez, Virgelina Diaz Gomez, Felipa De Jesus Hernandez Calvo, Flor De Maria Aguilar Rodriguez by AlSol (Alternativa Solidaria Chiapas) in Mexico. We are excited to watch this business grow. Over the next 7 months, AlSol (Alternativa Solidaria Chiapas) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ixtapa, Mexico
Mar 4, 2008
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Kiva Help Repayment Schedule for Petalo 1 Group

  Expected Repayments Actual Repayments Comments
June 2008 $200.00 $200.00 Repayment Received
July 2008 $200.00 $200.00 Repayment Received
August 2008 $200.00 $200.00 Repayment Received
September 2008 $200.00 $200.00 Repayment Received
October 2008 $200.00 $200.00 Repayment Received
November 2008 $200.00 $200.00 Repayment Received
December 2008 $200.00 $200.00 Repayment Received