Santa Rosa De Yanacoto Group

Status: Paying Back

$1,825
Loan Request
Pre-Disbursed : Oct 23, 2009
Listed: Nov 1, 2009
Funded: Nov 15, 2009
50% repaid

About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9100 PEN = 1 USD


In this Group:
CRISTINA MARLENE ESPINOZA PURILLA, ROSARIO CARMEN LUIS ROSALES, ANGELICA LOZANO VILCA*, BONIFACIA GREGORIA RUTTI DE HINOJOSA , BENITO OSWALDO ESPINOZA PURILLA, BLANCA GLADYS CAPRISTAN DE LA CRUZ, PAMELA DEL ROSARIO GUERREROS BECERRA, VICTORIA YSABEL ZELADA LAURA, MIGUEL LUDWING GODOY SIXTO, CECILIA SIXTO ALMERCO
* not pictured

About the Loan

(For privacy reasons, the Field Partner has requested that location be undisclosed)
Location: Location Undisclosed, Peru   Repayment Term: 6 months
(more info)
Activity: Catering   Repayment Schedule: Monthly
Loan Use: To buy raw materials for a chocolate shop.   Currency Exchange Loss: Covered
      Default Protection: Not Covered

SANTA ROSA DE YANACOTO
Pamela is a 21-year-old, young lady who is single and a student majoring in tourism and hospitality. She began baking bundt cakes two years ago with a small amount of capital she got from her mother which she used to buy bundt cake pans, a mixer, spatulas, and the ingredients needed for this product. She sold them to her family and friends. Soon after she learned of the loans which EDAPROSPO – PROSPERIDAD gives to entrepreneurial persons like herself so she decided to participate in the “Santa Rosa de Yanacoto" communal bank, a group which currently consists of 10 members. The initial funds she got from our institution were used to buy bundt cake forms, chocolate icing, decorative boxes since the Christmas holidays were near. This turned out to be very profitable because her profits allowed her to pay for transportation, to get school materials, and to pay her travel expenses for school. She needs this loan to buy Christmas-themed cake forms, wrapping materials, chocolate icing, cocoa, whipped cream, flour, etc. to fill her holiday orders so that she can make enough money to finish her studies.

Translated from Spanish by Michael Bujazan, Kiva Volunteer


SANTA ROSA DE YANACOTO

Pamela es una señorita que tiene 21 años de edad, soltera y aún estudiante en la carrera de turismo y hotelería. Empezó a preparar kekes hace dos años atrás con un pequeño capital que le dio su madre, lo cual lo utilizó para comprar kekera, batidora, espátula e ingredientes que se requieren para la elaboración de este producto lo cual les vendió a sus amistades y familia. Poco después llegó a enterarse de los créditos que da EDAPROSPO – PROSPERIDAD a personas como ella microempresaria, es así que decide participar en la alcancía comunal “Santa Rosa de Yanacoto”, grupo que actualmente participan diez personas. El primer capital que recibió de nuestra institución lo invirtió en moldes, cobertura de chocolate, cajitas decorativas dado a que estaba próxima la celebración de la fiesta navideña, esto le resultó rentable pues con estas ganancias le sirvió para pagar su movilidad, adquirir materiales de estudios, pagar los costos por viaje de estudios.
Necesita el préstamo para comprar moldes navideños, envolturas, cobertura de chocolate, cocoa, chantilly, harina y una probadora; de esta manera venderá sus pedidos en la época de navidad y así podrá culminar su carrera.



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 Santa Rosa De Yanacoto Group


Loan to CRISTINA MARLENE ESPINOZA PURILLA
ROSARIO CARMEN LUIS ROSALES
ANGELICA LOZANO VILCA
BONIFACIA GREGORIA RUTTI DE HINOJOSA
BENITO OSWALDO ESPINOZA PURILLA
BLANCA GLADYS CAPRISTAN DE LA CRUZ
PAMELA DEL ROSARIO GUERRER
 
Entrepreneur: Santa Rosa De Yanacoto Group
Location: Location Undisclosed, Peru

Thanks to you and 58 other Kiva Lenders, the 1825.00 loan requested by CRISTINA MARLENE ESPINOZA PURILLA
ROSARIO CARMEN LUIS ROSALES
ANGELICA LOZANO VILCA
BONIFACIA GREGORIA RUTTI DE HINOJOSA
BENITO OSWALDO ESPINOZA PURILLA
BLANCA GLADYS CAPRISTAN DE LA CRUZ
PAMELA DEL ROSARIO GUERREROS BECERRA
VICTORIA YSABEL ZELADA LAURA
MIGUEL LUDWING GODOY SIXTO
CECILIA SIXTO ALMERCO in Peru has been 100% funded. The loan will be used for the purpose of: To buy raw materials for a chocolate shop..

Over the months of this loan, Kiva’s Field Partner in Peru, EDAPROSPO, will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Location Undisclosed, Peru
Nov 15, 2009
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Kiva Help Repayment Schedule for Santa Rosa De Yanacoto Group

  Expected Repayments Actual Repayments Comments
January 2010 $456.25 $456.25 Repayment Received
February 2010 $456.25 $457.29 Repayment Received
March 2010 $456.25 Available Mar 1  
April 2010 $456.25 Available Apr 1