Primavera Group


Status: Paid Back

$4,125.00   Loan Request
$4,125.00   Paid Back

About the Group

(For privacy reasons, the Field Partner has requested that last names and location be undisclosed)
Group Name: Primavera Group
Group Members: JOSE RAUL
IVONNE CAMILA
CARLOS MAURICIO
CLAUDIA JULIETA
LIMBERT RENE
JAIRO EDUARDO
JULIETA
VERONICA
DANY DEMETRIO
ADOLFO
LUIS ALBERTO
PATRICIA MILENCA
Location: Location Undisclosed, Bolivia
Activity: Retail

About the Loan

Loan Amount: $4,125.00
Loan Use: Working capital.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 17, 2009
Date Disbursed: Apr 30, 2009
Date Funded:May 22, 2009
Loan Ended:Nov 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 "Primavera" group is represented by José Raúl and is made up of 12 persons who are in their third loan cycle. The president of the group distributes bottled soft drinks within the province, the rest of the members sell hardware in stores or sell groceries in neighborhood stores or sell goods in general such as eggs, soft drinks, and cell phones. Because of their activities, they require capital so they can buy their products wholesale and in this way be able to lower their costs and compete in the marketplace with good quality merchandise. The members have prior experience working with Fundación Agrocapital and have high expectations to continue growing with this institution.

Translated from Spanish by Molly Puglisi, Kiva Volunteer


El grupo "Primavera" esta representado por el señor José Raúl y conformado por 12 personas que van cursando juntos ya su tercer ciclo, el presidente se dedica a la distribución de refrescos en botellas de plÔstico al interior del departamento, el resto de los socios venden artículos de ferretería en tiendas o se dedican a la venta de abarrotes en tienda de barrio y productos en general como huevos, refrescos y celulares. Por la misma actividad a la que se dedican requieren de capital para la obtención de productos al por mayor y así poder abaratar sus costos y competir en el mercado con mercaderías de buena calidad. Los socios cuentan con la experiencia de haber trabajado anteriormente con nuestra entidad teniendo grandes expectativas de seguir creciendo junto a 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 Primavera Group


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

Thank you for your loan. It has been disbursed to PRIMAVERA Group, consisting of JOSE RAUL, IVONNE CAMILA, CARLOS MAURICIO, CLAUDIA JULIETA, LIMBERT RENE, JAIRO EDUARDO, JULIETA, VERONICA, DANY DEMETRIO, ADOLFO, LUIS ALBERTO, PATRICIA MILENCA by Fundación Agrocapital, a partner of ACDI/VOCA in Bolivia. We are excited to watch this business grow. Over the 5 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 22, 2009
Comments (1)

Kiva Help Repayment Schedule for Primavera Group

  Expected Repayments Actual Repayments Comments
July 2009 $648.78 $648.78 Repayment Received
August 2009 $663.80 $663.80 Repayment Received
September 2009 $679.16 $679.16 Repayment Received
October 2009 $694.88 $694.88 Repayment Received
November 2009 $710.97 $710.97 Repayment Received
December 2009 $727.41 $727.41 Repayment Received