Trojes Group


Status: Paid Back

$3,325.00   Loan Request
$3,325.00   Paid Back

About the Group

(For privacy reasons, the Field Partner has requested that last names and location be undisclosed)
Group Name: Trojes Group
Group Members: VICTOR
MARINA
JUSTINA
ALCIRA
JUAN CARLOS
VALENTINA
ALEJANDRO ISAAC
MAURA
NATIVIDAD
LURDI
MARIA ESTHER
NELY BEATRIZ
JUAN GUSTAVO
Location: Location Undisclosed, Bolivia
Activity: Services

About the Loan

Loan Amount: $3,325.00
Loan Use: Operational capital
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 15, 2009
Date Disbursed: Apr 24, 2009
Date Funded:May 16, 2009
Loan Ended:Oct 15, 2009

About the Country

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



The Trojes group is represented by Victor and made up of 13 members who are engaged in commercial activities such as selling ice cream, flowers, fresh vegetables and handicrafts, although the majority of the members work in public transportation, due to the great demand for this service in the city and the surrounding areas.

The purpose of this loan is to improve their equipment, because the areas around the city do not have good roads, and it's necessary to have a reliable vehicle in order to secure passengers. The members in sales need financing to stock their businesses and to purchase materials for their finished products.

Regarding experience, the group members have worked in other solidarity groups, and therefore know that they must be responsible and work together, and make their payments in order to earn the trust of our institution.

Translated from Spanish by Kristen Beck, Kiva Volunteer


El grupo “Trojes” se encuentra representado por el señor Víctor y conformado por 13 miembros los cuales se dedican a actividades comerciales como ser la venta de helados, comida, flores, verduras frescas y artesanías, pero una mayoría de los miembros del grupo se dedica al transporte público de pasajeros debido a al gran demanda que existe dentro de la ciudad y sus alrededores. El destino del financiamiento es para la mejora de sus herramientas de trabajo ya que los alrededores de la ciudad no cuenta con buenos caminos y es necesario contar con un buen vehiculo para conseguir pasajeros, las socias dedicadas al comercio necesitan el financiamiento para estocar mejor sus puestos de venta y para la compra de insumos para sus productos terminados. En lo que respecta a experiencia los miembros del grupo trabajaron con anterioridad en grupos solidarios por lo que saben que se necesita responsabilidad, unión y cumplimiento en los pagos para contar con la confianza de nuestra institución.


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 Trojes Group


Loan has been disbursed
 
Entrepreneur: Trojes Group
Location: Location Undisclosed, Bolivia

Thank you for your loan. It has been disbursed to TROJES Group, consisting of VICTOR, MARINA, JUSTINA, ALCIRA, JUAN CARLOS, VALENTINA, ALEJANDRO ISAAC, MAURA, NATIVIDAD, LURDI, MARIA ESTHER, NELY BEATRIZ, JUAN GUSTAVO by Fundación Agrocapital, a partner of ACDI/VOCA in Bolivia. We are excited to watch this business grow. Over the 4 months of this loan, Fundación Agrocapital, a partner of ACDI/VOCA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Location Undisclosed, Bolivia
May 17, 2009
Comments (4)

Update on your loan to Trojes group in Bolivia
 
Entrepreneur: Trojes Group
Location: Location Undisclosed, Bolivia

Today, I went to visit Trojes, and found them to be a friendly group that seemed to have a very good relationship between the members.

Alcira runs a fried chicken and French fries stand downtown. She used her prior loan to buy a small, portable stove to make her chicken on the spot. Before, she used to make sandwiches at lunchtime in a school, but now with her own stand, she has a much better income. Alcira has four children, and she has been able to buy more of what they need with the extra income. With this loan, she would like to buy another stove to improve her business a little more. In the future, she would love to move her stand into an actual store with tables, chairs, etc.

Nely has a flower stand in the center of town. She buys her flowers nearby in large quantities, and with the extra capital she has been able to grow her business a little bit and provide better for her baby, Hamilton. Before Nely started taking out loans, she had a very small business compared to today, and she dreams of expanding her business to the point of exportation to other cities in Bolivia.

Juan Gustavo, Nely’s husband, drives a fixed-route taxi, or taxi-trufi, and he used the loan for vehicle maintenance. He comments heartily that the loan has affected his business favorably, bringing in higher profits than before. He has used some of the profits for personal items, like clothing, and the rest for the baby, Hamilton.

Juan Carlos has driven a taxi-trufi for ten years. Juan Carlos used his loan to buy tires and battery for his taxi, which has allowed him to keep his business running reliably. Mostly, he has used his profits to pay back his loan. Juan Carlos has two daughters, and would like to buy another taxi sometime in the future to help better provide for them.

If these entrepreneurs interested you, consider lending to more AgroCapital clients here.


Posted by Nilima Achwal from Location Undisclosed, Bolivia
Jul 10, 2009
Comments (5)

Kiva Help Repayment Schedule for Trojes Group

  Expected Repayments Actual Repayments Comments
July 2009 $634.92 $634.92 Repayment Received
August 2009 $649.62 $649.62 Repayment Received
September 2009 $1,002.73 $1,002.73 Repayment Received
October 2009 $687.86 $687.86 Repayment Received
November 2009 $349.87 $349.87 Repayment Received