Punku - Paxi Group


Status: Paid Back

$2,425.00   Loan Request
$2,425.00   Paid Back

About the Group

Group Name: Punku - Paxi Group
Group Members: IGNASIA CHOQUE
MARIA APAZA
ELIZA ZAMORA
CRISTINA TAMBO
BASILIA CAMA
VICTORIA CUSI
NATALIA COLQUE
CLAUDIA QUISBERT
NOEMI MAMANI
MARIA FLORES (not pictured)
MARI COLQUE
MARIA BETSA COLQUE
ABRAHAM TARQUI
LILIAN TARQUI
SOFIA MURAÑA
Location: El Alto / La Paz, Bolivia
Activity: Crafts

About the Loan

Loan Amount: $2,425.00
Loan Use: Purchase of raw materials
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 29, 2009
Date Disbursed: Mar 9, 2009
Date Funded:Mar 29, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Bolivia
Avg Annual Income:$2,817.00
Currency:Bolivia Bolivianos (BOB)
Exchange Rate:7.0200 BOB = 1 USD



Punku paxi means The Moon's Door in the Aymará language and is the name that this association, that has worked with the Pro-Mujer family for 9 years, has adopted. The association has various businesses. Abraham, for example, is a auto body worker. Others sell baby clothing and other consumer items, but the majority are craftspeople; they make blankets with beautiful traditional designs woven in looms that are sold in souvenir shops as well as by request.

They need work capital to purchase raw materials. By generating higher incomes they will improve their quality of life as well as that of their children.



Translated from Spanish by Donald Allen, Kiva Volunteer


Punku paxi, significa Puerta de la luna en lengua aymará, esta es la denominación que adopta una asociación, que trabajan con la familia de Pro-Mujer hace mas de nueve años . Varios son los negocios de esta asociación, Abraham por ejemplo es chapista de autos, otras venden ropa para bebes, también tienen tiendas de consumo pero la mayoría son artesanas, realizan mantas con hermosos diseños tradicionales tejidos en telar, luego los venden a tiendas turisticas y tambien a pedido.
Necesitan mayores créditos para comprar materia prima. Generando mayores ingresos conseguirán mejorar su calidad de vida junto a la 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 Punku - Paxi Group


Loan has been disbursed
 
Entrepreneur: Punku - Paxi Group
Location: El Alto / La Paz, Bolivia

Thank you for your loan. It has been disbursed to PUNKU - PAXI Group, consisting of IGNASIA CHOQUE, MARIA APAZA, ELIZA ZAMORA, CRISTINA TAMBO, BASILIA CAMA, VICTORIA CUSI, NATALIA COLQUE, CLAUDIA QUISBERT, NOEMI MAMANI, MARIA FLORES, MARI COLQUE, MARIA BETSA COLQUE, ABRAHAM TARQUI, LILIAN TARQUI, SOFIA MURAÑA by Pro Mujer Bolivia in Bolivia. We are excited to watch this business grow. Over the 5 months of this loan, 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
Mar 30, 2009
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Kiva Help Repayment Schedule for Punku - Paxi Group

  Expected Repayments Actual Repayments Comments
June 2009 $440.92 $440.90 Repayment Received
July 2009 $440.92 $440.92 Repayment Received
August 2009 $661.38 $661.38 Repayment Received
September 2009 $440.92 $440.94 Repayment Received
October 2009 $440.86 $440.86 Repayment Received