Jose Luis


Status: Paying Back

$1,150.00   Loan Amount
0% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name and location be undisclosed)
Name: Jose Luis
Location: Location Undisclosed, Bolivia
Activity: Pub

About the Loan

Loan Amount: $1,150.00
Loan Use: Buy a jukebox
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 31, 2009
Date Disbursed: Sep 14, 2009
Date Funded:Nov 5, 2009

About the Country

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



Jose Luis is a young client who works as an employee of a private company. He has four children. All of them asked to be in the photo with the exception of his oldest daughter; she was embarrassed. Once Jose Luis became a widower he moved to live in a house that was given to him by his ex in-laws. This is because two of his children are from his first marriage. When his wife was alive she managed a place where she sold food. It was set up in his own home. Now, given the circumstances, Jose Luis saw that it would be convenient to set up a bar in a strategic area of the city.

Jose Luis currently lives with Magali. They have two children. Jose Luis is very hard-working, and they are very hopeful that his new business will be successful. The good thing is that there is no competition nearby, and there are lots of shops and stores that are close. They hope these people from these places will be their customers.

The loan he asked for was to buy a jukebox, but it was not enough. The rent they charged ahead of time took much of the money, so they rented one. Jose Luis is a good client of Agrocapital. He makes his payments very punctually and responsibly.

Translated from Spanish by Ginny Kalish, Kiva Volunteer


Jose Luis es un joven cliente que trabaja como empleado en una empresa privada, tiene 4 hijos los cuales pidieron salir en la foto a excepción de la hija mayor ya que le daba vergüenza. Una vez que Jose Luis enviudo se traslado a vivir a una casa que le fue cedida por sus ex suegros, esto debido a que dos de sus hijos son del primer matrimonio. Cuando la esposa estaba viva atendía un local donde se vendía comida el lugar estaba instalado en su mismo domicilio, ahora Jose Luis dadas las circunstancia vio por conveniente instalar un bar en una zona estratégica de la ciudad. Jose Luis en la actualidad convive con la Magali con quien tuvo 2 hijos. Jose Luis es muy trabajador y están muy esperanzados en que su nuevo negocio tenga éxito. Lo bueno es que no hay otra competencia cerca y hay muchos talleres y tiendas cercanos que esperan sean sus clientes. El crédito solicitado fue para comprar una rockola pero no les alcanzo ya que el alquiler que les cobraron por adelantado le resto mucho del dinero por lo que alquilaran uno. Jose Luis es un buen cliente de Agrocapital quien cancela sus cuotas con mucha puntualidad y responsabilidad.

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Journal entries for Jose Luis


Loan has been disbursed
 
Entrepreneur: Jose Luis
Location: Location Undisclosed, Bolivia

Thank you for your loan. It has been disbursed to JOSE LUIS by Fundación AgroCapital, a partner of ACDI/VOCA in Bolivia. We are excited to watch this business grow. Over the 11 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
Nov 6, 2009
Comment on this entry

Kiva Help Repayment Schedule for Jose Luis

  Expected Repayments Actual Repayments Comments
January 2010 $185.11 Available Jan 1  
February 2010 $96.28 Available Feb 1  
March 2010 $98.84 Available Mar 1  
April 2010 $101.48 Available Apr 1  
May 2010 $104.18 Available May 1  
June 2010 $106.96 Available Jun 1  
July 2010 $109.82 Available Jul 1  
August 2010 $112.74 Available Aug 1  
September 2010 $115.75 Available Sep 1  
October 2010 $118.84 Available Oct 1