Flor De Amancay Group


Status: Paid Back

$3,475.00   Loan Request
$3,475.00   Paid Back

About the Group

Group Name: Flor De Amancay Group
Group Members: Martha Mamani
Justina Vargas
Ana Condori
Julia Espejo
Filomena Mamani
Guillermina Condori (not pictured)
Arminda Suca
Clemencia Aliaga
Aida Cruz
Marcia Vargas (not pictured)
Virginia Morales
Jose Luis Acero
Marina Poma
Rogelia Nina
Sandra Hurtado
Location: El Alto / La Paz, Bolivia
Activity: Retail

About the Loan

Loan Amount: $3,475.00
Loan Use: Increased credit in order to buy wholesale merchandise
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 1, 2008
Date Disbursed: Nov 22, 2008
Date Funded:Nov 8, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Bolivia
Avg Annual Income:$2,817.00
Currency:Bolivia Bolivianos (BOB)
Exchange Rate:7.0026 BOB = 1 USD



The “Flor de Amancay” [Amancae Flower] Association is located in the Villa Adela neighborhood and has worked with Pro-Mujer for more than a year.


Most members are married and each has an average of five children; in many cases their spouses have abandoned them, leaving them solely responsible for their families. It is because of this that they started small businesses with the goal of obtaining household income.


The Flor de Amancay Association works in different markets and streets of the city selling diverse products such as school supplies, plastics, purses and bags, hair accessories, and other items. These products are obtained from wholesalers to then be retailed. This group needs increased credit in order to buy wholesale merchandise in greater quantities and in this way have greater earnings and sufficient income to maintain their households.

Translated from Spanish by Diane Lister, Kiva Volunteer


La asociación “flor de Amancay” pertenece al centro focal de Villa Adela y trabaja junto a Pro-Mujer hace más de un año.
Casadas en su mayoría tienen un promedio de cinco hijos cada una, en muchos casos sus parejas las abandonaron teniendo que hacerse cargo ellas solas de sus familias, es por ello que emprendieron pequeños negocios, con el fin de conseguir recursos para sus hogares.
La asociación “Flor de Amancay” se dedica al comercio en general, diversos productos son vendidos en diferentes mercados y calles de la ciudad; material escolar, plasticos, maletines, accesorios para el cabello, y otros, estos son adquiridos de mayoristas para luego ser vendidos al por menor. Este grupo necesita mayores créditos para comprar mercadería al por mayor de esta manera obtener mayores ganancias y por ende les permita generar ingresos suficientes para sustentar sus hogares.


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

John G.
urbana, IL
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Julia
KivaFriends.org, Pasadena, CA
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Don
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Anonymous
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Joanne
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Seattle Laptop
Seattle, WA
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Laurent D
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Ann
Belcamp, MD
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Anonymous
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John and Jacob
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Anonymous
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Good Dogg
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Chris
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Pat
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vikram
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Carolina Microfinance
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Penny and Robin
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RedeParede.com
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Jennifer
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Sergio
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Michael
Santa Cruz, CA
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Kirsten
Venice, CA
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David
Broomall, PA
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Ralph
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Gabriel
Toronto, Ontario
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Linda
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catherine
cherbourg-octeville,
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Oliver
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Jack
Middleton, WI
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David
Taylors, SC
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Nancy
Clyde, NC
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Len
SAN DIEGO, CA
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Diana
Irving, TX
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Marion
Ames, IA
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Anonymous
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Quizzoid
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Carolin
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Anonymous
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David and Larry
Durham, NC
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Steve
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Pablo
Toronto, Ontario
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Ann
Stratford, CT
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Wallace's
San Jose, CA
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Anonymous
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Xiaozhen
Raleigh, NC
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Lending Hands
Tallahassee, FL
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Leigh
Columbia, MD
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Anonymous
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Joe
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NikeTalk

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Evan
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Ned
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Journal entries for Flor De Amancay Group


Loan has been disbursed
 
Entrepreneur: Flor De Amancay Group
Location: El Alto / La Paz, Bolivia

Thank you for your loan. It has been disbursed to the Flor De Amancay group, consisting of Martha Mamani, Justina Vargas, Ana Condori, Julia Espejo, Filomena Mamani, Guillermina Condori, Arminda Suca, Clemencia Aliaga, Aida Cruz, Marcia Vargas, Virginia Morales, Jose Luis Acero, Marina Poma, Rogelia Nina, Sandra Hurtado 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
Nov 23, 2008
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Kiva Help Repayment Schedule for Flor De Amancay Group

  Expected Repayments Actual Repayments Comments
February 2009 $579.17 $579.17 Repayment Received
March 2009 $579.17 $579.17 Repayment Received
April 2009 $579.17 $579.17 Repayment Received
May 2009 $579.17 $579.17 Repayment Received
June 2009 $579.17 $579.16 Repayment Received
July 2009 $579.15 $579.16 Repayment Received