Amigos Por Siempre Group


Status: Paid Back

$3,800.00   Loan Request
$3,800.00   Paid Back

About the Group

Group Name: Amigos Por Siempre Group
Group Members: Paola Santos Rivera
Gladys Montaño Fernandez
Jeankarla Maldonado Zapata
Ricardo Santos Rivera
Jhonny Alberto Montoya Cabezas
Graciela Montoya Cabezas
Leonor Lopez De Calle
Alejandrina Reque Mejia
Flora Fernandez De Montaño
Erika Ipuño Quintanilla
Patricia Portugal Rocabado
Elizabeth Montoya Cabezas
Location: Cochabamba, Bolivia
Activity: Food Production/Sales

About the Loan

Loan Amount: $3,800.00
Loan Use: Purchase more merchandise to sell (food, candles, t-shirts, ice cream, etc.)
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 2, 2008
Date Disbursed: Sep 16, 2008
Date Funded:Sep 2, 2008
Loan Ended:Feb 15, 2009

About the Country

Country:Bolivia
Avg Annual Income:$2,817.00
Currency:United States Dollars (USD)



The Amigos Por Siempre ("Friends Forever") group is made up mostly of young mothers who are trying to get ahead with their businesses. The ten women and two men in the group live in the Cochabamba region of central Bolivia and work in different areas, depending on the season. Right now, Erika and Alejandrina both own neighborhood stores. Leonor sells ice cream, Graciela and Jhonny Alberto sell candles for religious rituals, Jeankarla and Gladys sell t-shirts at local fairs. Ricardo sells athletic clothing, and Paola sells prepared meals. It's only appropriate that many of the group members work selling food, since "cochabambinos" pride themselves on being the most food-loving of all Bolivians.


Most of the group members have one to five years of experience, with the exception of Flora, who has had her shop for 10 years, and Patricia, who has worked at a general store for 12 years. The group members will use their Kiva loans to purchase more merchandise to sell at their repective businesses.


The group gets along well and is very cheerful, as you can see in their picture.





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 Amigos Por Siempre Group


Loan has been disbursed
 
Entrepreneur: Amigos Por Siempre Group
Location: Cochabamba, Bolivia

Thank you for your loan. It has been disbursed to the Amigos Por Siempre group, consisting of Patricia Portugal Rocabado, Erika Ipuño Quintanilla, Flora Fernandez De Montaño, Alejandrina Reque Mejia, Leonor Lopez De Calle, Graciela Montoya Cabezas, Jhonny Alberto Montoya Cabezas, Ricardo Santos Rivera, Jeankarla Maldonado Zapata, Gladys Montaño Fernandez, Paola Santos Rivera, Elizabeth Montoya Cabezas by Fundación Agrocapital, a partner of ACDI/VOCA in Bolivia. We are excited to watch this business grow. Over the next 4 months, 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 Cochabamba, Bolivia
Sep 17, 2008
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Update on your loan to Amigos por Siempre in Bolivia
 
Entrepreneur: Amigos Por Siempre Group
Location: Cochabamba, Bolivia

EL FINACIAMIENTO AYUDO AL BANCO A PROGRESAR EN SU NEGOCIO Y AMPLIARLOS.TENIENDO MAYORES INGRESOS PARA EL MEJORAMIENTO DE SUS NEGOCIOS Y SU FAMILIA.NO TUVIERON NINGUN PROBLEMA YA QUE LOS COBROS FUERON PUNTUALES.INCREMENTAR SU NEGOCIO Y MEJORARLO MUCHO MAS.

The loan helped the group to progress in their businesses and expand them. The loan helped improved the members' qualites of life since they had better incomes to improve their businesses and families. They did not have any problems since they made all of their payments on time. They would like to increase their businesses and improve them much more in the future.

Thanks lenders!


Posted by Nilima Achwal from Cochabamba, Bolivia
Aug 22, 2009
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Kiva Help Repayment Schedule for Amigos Por Siempre Group

  Expected Repayments Actual Repayments Comments
December 2008 $950.00 $950.00 Repayment Received
January 2009 $950.00 $950.00 Repayment Received
February 2009 $950.00 $950.00 Repayment Received
March 2009 $950.00 $950.00 Repayment Received