Señor De Los Milagros De Izcuchaca Group


Status: Paid Back

$4,425.00   Loan Request
$4,425.00   Paid Back

About the Group

(For privacy reasons, the Field Partner has requested that last names and location be undisclosed)
Group Name: Señor De Los Milagros De Izcuchaca Group
Group Members: Daria
Helen Miretzki
Maximiliana
Vilma
Leocadia Claudencia
Esther
Ricardina
Yobana
Urbana
Felisa
Angelica
Basiliza
Constantina
Moyra Leonor
Amalia Sofia
Sofia
Luz Isabel
Maria Renee
Guillermina
Sonia
Yolanda
Location: Location Undisclosed, Peru
Activity: Food Production/Sales

About the Loan

Loan Amount: $4,425.00
Loan Use: Invest in business such as food production, agriculture, apiculture and soft drink sales.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 1, 2008
Date Disbursed: Nov 20, 2008
Date Funded:Nov 6, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0820 PEN = 1 USD



The communal bank "Señor De Los Milagros De Izcuchaca" is located in the Izcuchaca community in Huancavelica. This is a tourist area where the population are quchua speakers. Among the principal businesses in this community are the sale of "bollo" (bread with cheese and squash), empanadas and pork rinds. Livestock farming, agriculture and apiculture are also practiced in the community.



Daria Espinoza is a widow. She is 64 years old and has four older children. For 30 years she has dedicated herself to selling pork rinds. She gets on the buses in the early hours of the day to sell. She always invests in her business as this is her only means to survive. Her dream is that her children will be happy and not suffer and that God guide their path so that they will be men of good.



Maximiliana Atacusi has four children. She dedicates herself to the sale of apple juice and soft drinks. She invests the loans she receives in her business by buying containers for the sale of apple juice and in buying soft drinks wholesale. Her dream is to have a large store and be able to sell all kinds of things so that she can obtain a better income that will allow her to provide for her children's education.



Yolanda Ramos is a single mother. She has three children and dedicates herself to the sale of "tara", sheep and small animals. She has been in this business for more than five years. She had to face off with her family because she left her partners but she was able to get ahead. She invests her loans in the purchase of more animals. Her dream is to be able to take her products to other areas and that her children will become professionals.

Translated from Spanish by Cindy Manzo, Kiva Volunteer


El bancomunal Señor De Los Milagros De Izcuchaca esta ubicado en la comunidad de Izcuchaca en Huancavelica, es una zona turística, donde los pobladores son quechua hablantes. Entre las actividades principales que realiza la comunidad esta la venta de bollo (pancitos de queso y calabaza), empanadas, chicharrones, se destaca la ganadería, agricultura y apicultura.


Daría Espinoza, es viuda, tiene 64 años y 4 hijos ya mayores, se dedica desde hace 30 años a la venta de chicharrones, desde muy temprano sube a los microbuses a vender. Siempre invierte en su negocio pues es su único medio de vida. Su sueño es que sus hijos sean felices que no sufran, que Dios les guíe el camino para que sean hombres de bien.


Maximiliana Ataucusi, tiene 4 hijos, , se dedica a la venta de agua de manzana y gaseosa en los carros, sus prestamos los invierte en su negocio en la compra de baldes para la venta de agua de manzana y la compra de gaseosas al por mayor. Su sueño es tener una tienda grande y vender de todo, así obtener mayores ingresos para el estudio de sus hijos.


Yolanda Ramos, es madre soltera, tiene 3 hijos, se dedica a la venta de tara, ovejas y animales menores, este negocio lo realiza hace mas de 5 años. Tuvo que afrontar con su familia el abandono de su pareja, pero salió adelante, sus préstamos los invierte en la compra de mas animales. Su sueño es llevar sus productos a otros departamentos y que sus hijos sean profesionales


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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 Señor De Los Milagros De Izcuchaca Group


Loan has been disbursed
 
Entrepreneur: Señor De Los Milagros De Izcuchaca Group
Location: Location Undisclosed, Peru

Thank you for your loan. It has been disbursed to the Señor De Los Milagros De Izcuchaca group, consisting of Daria, Helen Miretzki, Maximiliana, Vilma, Leocadia Claudencia, Esther, Ricardina, Yobana, Urbana, Felisa, Angelica, Basiliza, Constantina, Moyra Leonor, Amalia Sofia, Sofia, Luz Isabel, Maria Renee, Guillermina, Sonia, Yolanda 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
Nov 21, 2008
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Kiva Help Repayment Schedule for Señor De Los Milagros De Izcuchaca Group

  Expected Repayments Actual Repayments Comments
February 2009 $737.50 $737.50 Repayment Received
March 2009 $737.50 $737.50 Repayment Received
April 2009 $737.50 $737.50 Repayment Received
May 2009 $737.50 $737.50 Repayment Received
June 2009 $737.50 $737.50 Repayment Received
July 2009 $737.50 $737.50 Repayment Received