Suma Pancara Group


Status: Paid Back

$5,000.00   Loan Request
$5,000.00   Paid Back

About the Group

Group Name: Suma Pancara Group
Group Members: Laura Ticona
Gina Chavez
Allison Luna
Fabiola Chavez
Martha Valda
Rosmery Flores
Walter Guarachi
Maria Del Rosario Mojica
Ana Barrenechea
Martha Saire
Maria Flores
Sonia Flores
Janett Castro
Miriam Terrazas
Norha Huanca
Olga Garcia
Location: El Alto / La Paz, Bolivia
Activity: Food Market

About the Loan

Loan Amount: $5,000.00
Loan Use: The group needs loans to purchase ingredients and improve their stalls
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 27, 2008
Date Disbursed: Sep 7, 2008
Date Funded:Aug 24, 2008
Loan Ended:Apr 15, 2009

Kiva Help About the Field Partner

Field Partner: Pro Mujer Bolivia
Field Partner Risk Rating:
star 1star 2star 3star 4star 5
(Learn more)
Fundraising Status: Active
Time On Kiva: 28 months
Kiva Entrepreneurs: 5141
Total Loans: $1,364,050
Delinquency Rate: 0.00%
Default Rate: 0.00%
Currency Exchange Loss Rate: 0.00%
More on this field partner >>

About the Country

Country:Bolivia
Avg Annual Income:$2,817.00
Currency:Bolivia Bolivianos (BOB)
Exchange Rate:7.1950 BOB = 1 USD



Various lunches and snacks are offered every day in the market area of ‘Río seco’ and markets of the July 16th zone, principally on fair days. Most of the members of the group “Suma Pancara” are dedicated to this work. Making this food obliges the members to remain in their stalls for the entire day alongside their small children because they do not have enough money to leave them in nurseries or elsewhere. It is also the case that their children, although still small, help their mothers in their stalls, which is unfortunate because the children are exposed to numerous dangers. The association “Suma Pancara” needs loans to inject capital into their businesses, acquire more ingredients and improve their stalls, thus generating higher revenues for the good of their families.

Translated from Spanish by Helen Smith, Kiva volunteer.



Todos los días en el mercado de la zona Río seco y mercados de la zona 16 de julio, principalmente los días de feria, se ofrecen variados almuerzos y otras meriendas. Actividad que se dedica la mayor parte de la asociación “Suma Pancara” La elaboración de estos alimentos obliga a estas personas a permanecer en sus puestos de venta durante todo el día teniendo así que trabajar junto a sus pequeños hijos, ya que no cuentan con el dinero suficiente para poder dejarlos en guarderías u otros, también existe el caso que sus niños aun siendo pequeños ayudan a sus mamas en sus puestos caso muy lamentable ya que los niños se ven expuestos a innumerables peligros.
La asociación “Suma Pancara” necesita mayores créditos para poder inyectar capital a sus negocios adquiriendo mayores insumos y realizar mejoras en sus puestos de venta, de esta manera generar mayores ingresos para el bien de sus familias.


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 Suma Pancara Group


Loan has been disbursed
 
Entrepreneur: Suma Pancara Group
Location: El Alto / La Paz, Bolivia

Thank you for your loan. It has been disbursed to the Suma Pancara group, consisting of Olga Garcia, Norha Huanca, Miriam Terrazas, Janett Castro, Sonia Flores, Maria Flores, Martha Saire, Ana Barrenechea, Maria Del Rosario Mojica, Walter Guarachi, Rosmery Flores, Martha Valda, Fabiola Chavez, Allison Luna, Gina Chavez, Laura Ticona by Pro Mujer Bolivia in Bolivia. We are excited to watch this business grow. Over the next 6 months, Pro Mujer Bolivia will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from El Alto / La Paz, Bolivia
Sep 8, 2008
Comments (1)

Seguimiento
 
Entrepreneur: Suma Pancara Group
Location: El Alto / La Paz, Bolivia

Las integrantes de “Suma Pankara” se reúnen cada 14 días en el Centro Focal “Panamericana” los martes a las 14:00, ellas cumplieron con el pago de su deuda, según su plan de pagos. Además invirtieron en sus negocios el préstamo obtenido. Actualmente están haciendo las cancelaciones de otro préstamo que obtuvieron, la mima no ingresa para ser financiado por Kiva porque el monto es aproximadamente de $US.- 10.000.
Posted by Maria Nela Choquehuanca from El Alto / La Paz, Bolivia
Aug 24, 2009
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Kiva Help Repayment Schedule for Suma Pancara Group

  Expected Repayments Actual Repayments Comments
December 2008 $833.33 $834.00 Repayment Received
January 2009 $833.33 $832.67 Repayment Received
February 2009 $833.33 $833.33 Repayment Received
March 2009 $833.33 $833.33 Repayment Received
April 2009 $833.33 $833.33 Repayment Received
May 2009 $833.35 $833.34 Repayment Received






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