Trabajando Juntas Group


Status: Paid Back

$2,075.00   Loan Request
$2,075.00   Paid Back

About the Group

(For privacy reasons, the Field Partner has requested that last names and location be undisclosed)
Group Name: Trabajando Juntas Group
Group Members: Virginia
Dina Lilia
Martha
Anita
Victoria
Irma
Francisca Margarita
Aurora
Norma
Norma
Location: Location Undisclosed, Peru
Activity: Textiles

About the Loan

Loan Amount: $2,075.00
Loan Use: The Trabajando Juntas Communal Bank needs 6,200 nuevo soles for 10 members to invest in their business
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 15, 2008
Date Disbursed: Oct 30, 2008
Date Funded:Oct 16, 2008
Loan Ended:May 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0045 PEN = 1 USD



The Trabajando Juntas Communal Bank is located in the community of Yauli, Huancavelica province. This community's economic activities are tourism (in Incañan) and trade.



Norma Seras, is married and has 7 children. She is a loom weaver, and weaves day and night to fulfill customers' orders. She has not stopped weaving in spite of being ill, and expecting to undergo surgery.
Norma has used her loans to buy raw materials for her business.
Her dream is to have a textile factory and export her products. She would also like to buy a weaving machine.


Norma Laurente, is married and has two children. She likes to weave covers, hats, alpaca and lamb wool, which she sells at the fairs in Paucara and Yauli. Sometimes she takes her items to sell in Lima, with the help of her husband.
She will use her loan to purchase raw materials for her business. Her dream is to have a large textile company, and to open a small grocery store to give her children a good education.

Translated from Spanish by Maria B., Kiva Volunteer


El Bancomunal trabajando juntas pertenece a la comunidad de Yauli ubicado en el Departamento de Huancavelica.
Esta comunidad tiene 2 zonas turísticas de Incañan y también es zona comercial.


Norma Seras, es casada tiene 7 hijos, se dedica a tejer en telares, teje día y noche a pedidos. A pesar de que esta enferma y la van a operar Norma continúa con sus tejidos. Con los préstamos que recibe ella compra materiales como lanas e insumos para su negocio. Su sueño es tener una empresa textil y exportar sus productos, tambien comprarse una maquina remalladora.


Norma Laurente, es casada y tiene 2 hijos, le gusta tejer mantas, gorros, hilo de lana de alpaca, ovino, que luego vende en las ferias de Paucará – Yauli, algunas veces los lleva a Lima con el apoyo de su esposo. Su préstamo lo utilizará en comprar materia prima para su negocio. Su sueño es tener una empresa grande y abrir una tiendita para solventar el estudio de sus hijos.


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 Trabajando Juntas Group


Loan has been disbursed
 
Entrepreneur: Trabajando Juntas Group
Location: Location Undisclosed, Peru

Thank you for your loan. It has been disbursed to the Trabajando Juntas group, consisting of Norma, Norma, Aurora, Francisca Margarita, Irma, Victoria, Anita, Martha, Dina Lilia, Virginia by FINCA Peru in Peru. We are excited to watch this business grow. Over the next 6 months, FINCA Peru will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Location Undisclosed, Peru
Oct 31, 2008
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Kiva Help Repayment Schedule for Trabajando Juntas Group

  Expected Repayments Actual Repayments Comments
January 2009 $345.83 $345.83 Repayment Received
February 2009 $345.83 $345.83 Repayment Received
March 2009 $345.83 $345.83 Repayment Received
April 2009 $345.83 $345.83 Repayment Received
May 2009 $345.83 $345.83 Repayment Received
June 2009 $345.85 $345.85 Repayment Received