Corazon Chopcca Group

Status: Paying Back

$1,375
Loan Request
Pre-Disbursed : Jul 31, 2009
Listed: Aug 16, 2009
Funded: Aug 16, 2009
83% repaid

About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9300 PEN = 1 USD


In this Group:
Margarita, Aurelia, Juana, Juana, Marcela, Sabina, Reyna, Cirila, Lucia Gregoria, Juliana, Hermilinda, Marcelo, Leoncio, Lucia, Amador

About the Loan

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Location: Huancavelica, Peru   Repayment Term: 8 months
(more info)
Activity: Knitting   Repayment Schedule: Monthly
Loan Use: The 15 member of the Community Bank are asking for 4,000 PEN to invest in their handicrafts businesses   Currency Exchange Loss: Covered
      Default Protection: Covered
The Corazon de Chopcca Community Banks belongs to the Yauli district in the Huancavelica province, which is located in the Huancavelica department. The community is surrounded by hills and pretty scenery of trees and wild grasses. The Nación Chopcca landscape shows women dressed in colorful hand woven clothing. Their primary activity is handicrafts, agriculture, and a little livestock.

Margarita is married and has four children. Margarita has been weaving since she was a very little girl. This ability generates some income. She sends her weavings to be sold in the capital every time that someone she knows goes there. Margarita needs a loan for 200 PEN to buy raw material to continue with her weavings. She would like to have her own weaving machine.

Aurelia is married and has six children. Aurelia, like most of the women in the community, also weaves. But, she also has a small grocery store. Little by little, the store is growing thanks to the investment she is making in it. Aurelia needs a loan for 200 PEN to stock her store with products that are in greater demand.

Juana is married and has 3 children. Juana sells food in the fairs. She also weaves small articles of clothing, which she sends to Lima to sell. Juana needs a loan for 200 PEN to buy utensils, tables, and benches for her business.


Translated from Spanish by Ginny Kalish, Kiva Volunteer


El Bancomunal Corazon de Chopcca, pertenece al distrito de Yauli, provincia de Huancavelica ubicada en el departamento de Huancavelica. La comunidad se encuentra rodeada de cerros, con bellos paisajes con árboles y hierbas silvestres, el paisaje llamado Nación Chopcca muestra a las señoras con vestidos coloridos tejidos a mano, su actividada principal es la artesanía, la agricultura y un poco de ganadería.

Margarita es casada y tiene 04 hijos. Margarita teje desde muy niña, habilidad que le genera algún ingreso, ya que envía sus tejidos para su venta a la capital, cada vez que algún conocido viaja a ella. Margarita, necesita un préstamo de S/200.00 para comprar materia prima para continuar con sus tejidos. A ella le gustaría tener sus propias maquina de tejer.

Aurelia es casada y tiene 06 hijos. Aurelia scomo la mayoria de las mujeres de su comunidad tambien se dedica al tejido, pero tambien tiene una pequeña bodega, que poco a poco va creciendo, gracias a la inversión que esta haciendo en ella. Aurelia solicita un prestamo de S/200.00 para abastecer su tienda, con productos que demandan mayor salida.

Juana es casada y tiene 03 hijos. Juana vende comida en las ferias y la vez se dedica a tejer pequeñas prendas, las cuales envía a Lima para su venta. Juan requiere de un préstamo de S/200 soles para comprara utensilios, mesas y bancas para su negocio.



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 Corazon Chopcca Group


Loan has been disbursed
 
Entrepreneur: Corazon Chopcca Group
Location: Huancavelica, Peru

Thank you for your loan. It has been disbursed to Corazon Chopcca Group, consisting of Margarita, Aurelia, Juana, Juana, Marcela, Sabina, Reyna, Cirila, Lucia Gregoria, Juliana, Hermilinda, Marcelo, Leoncio, Lucia, Amador by FINCA Peru in Peru. We are excited to watch this business grow. Over the 5 months of this loan, FINCA Peru will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Huancavelica, Peru
Aug 17, 2009
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Kiva Help Repayment Schedule for Corazon Chopcca Group

  Expected Repayments Actual Repayments Comments
October 2009 $229.15 $229.15 Repayment Received
November 2009 $229.16 $229.16 Repayment Received
December 2009 $229.15 $229.19 Repayment Received
January 2010 $229.16 $229.28 Repayment Received
February 2010 $229.15 $228.99 Repayment Received
March 2010 $229.23 Available Mar 1