Emanuel Group


Status: Paid Back

$1,075.00   Loan Request
$1,075.00   Paid Back

About the Group

Group Name: Emanuel Group
Group Members: Karla Suyapa Torres Mejia
Norma Iris Coello Garcia
Juan Elias Garcia
Location: Danli, Honduras
Activity: Taxi

About the Loan

Loan Amount: $1,075.00
Loan Use: Purchase parts for vehicle repairs and products to supply grocery store.
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 15, 2008
Date Disbursed: Oct 29, 2008
Date Funded:Oct 15, 2008
Loan Ended:Jul 15, 2009

About the Country

Country:Honduras
Avg Annual Income:$3,009.00
Currency:Honduras Lempiras (HNL)
Exchange Rate:19.0400 HNL = 1 USD



Hello. We are the EMANUEL Group, located in the Los Arcos neighborhood in the city of Danli. We know each other very well, and have always worked together. We are very united, as if we were related.



The group is comprised as follows:



Juan Elias Garcia. I am the coordinator of my group. My principal activity is passenger transportation (Taxi #81), and I have many years of experience with this type of occupation. I am married, and have a daughter in primary school. Thanks to the income which I receive from my taxi service, I can support my family’s household expenses. Currently, I need to buy some parts to repair my vehicle given that it is my only means of work.



Norma Iris Coello: she is a merchant who dedicates herself to selling common household goods. She has a small grocery store which is located in her house. This is an activity which she has conducted for three years, and which provides the income to pay for her family’s living expenses. She has three children, two of whom are still in school – one in secondary school and one at the university.



Karla Suyapa Torres: She is dedicated to the sale of chicharrones and chicharras (pork rinds) which she sells at the municipal market. She is married and has two children ages two and four.



Currently, we all need an infusion of capital to invest in our enterprises. This is the reason we are soliciting a loan, so we can get ahead with our expenses and concurrently improve our standard of living.



Translated from Spanish by Mary Lynn Malaby, Kiva Volunteer


Hola nosotros somos el Grupo EMANUEL estamos ubicados en el Barrio Los Arcos de la ciudad de Danli, nosotros nos conocemos muy bien y siempre hemos trabajado juntos, somos muy unidos como si fueramos familiares.
el grupo se conforma de esta manera:)
Juan Elias Garcia; soy el coordinador de mi grupo, mi actividad principal es el transporte de pasajeros (Taxi No.81) cuento con muchos años de experiencia en este tipo de actividad. soy casado tengo una hija la que esta cursando primaria, gracias a los ingresos que recibo del taxi puedo cubrir con los gastos de mi familia, actualmente necesito comprar unos repuestos para arreglar mi vehiculo ya que es mi unica fuente de trabajo.
Norma Iris Coello: ella es comerciante se dedica a la venta de productos de consumo popular, cuenta con una pequeña pulperia ubicada en su casa de habitacion, actividad que realiza hace 3 años, con los ingresos que le genera su negocio ella puede contribuir a los gastos del hogar, tiene 3 hijos los cuales dos de ellos estan estudiando, uno esta en secundaria y el otro esta en la universidad.
Karla Suyapa Torres: ella se dedica a la venta de chicharrones y chicharras las que distribuye en el mercado municipal, ella es casada y tiene 2 hijos, uno de 2 y el otro de 4 años de edad,
actualmente todos necesitamos una inversion en nuestras fuentes de trabajo es por tal razon que estamos solicitando un credito para poder salir adelante con nuestros negocios y por consiguiente mejorar nuestra calidad de vida.


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 Emanuel Group


Loan has been disbursed
 
Entrepreneur: Emanuel Group
Location: Danli, Honduras

Thank you for your loan. It has been disbursed to the EMANUEL group, consisting of Juan Elias Garcia, Norma Iris Coello Garcia, Karla Suyapa Torres Mejia by Prisma Honduras, S.A. in Honduras. We are excited to watch this business grow. Over the next 8 months, Prisma Honduras, S.A. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Danli, Honduras
Oct 30, 2008
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Kiva Help Repayment Schedule for Emanuel Group

  Expected Repayments Actual Repayments Comments
January 2009 $134.38 $134.38 Repayment Received
February 2009 $134.38 $134.38 Repayment Received
March 2009 $134.38 $134.38 Repayment Received
April 2009 $134.38 $134.38 Repayment Received
May 2009 $134.38 $134.38 Repayment Received
June 2009 $134.38 $134.37 Repayment Received
July 2009 $134.38 $134.38 Repayment Received
August 2009 $134.34 $134.35 Repayment Received