Miguel Angel
Status: Paying Back
| $900.00 | Loan Amount |
|---|
66% repaid
About the Entrepreneur
(For privacy reasons, the Field Partner has requested that last name and location be undisclosed)| Name: | Miguel Angel |
|---|---|
| Location: | Location Undisclosed, Bolivia |
| Activity: | Motorcycle Transport |
About the Loan
| Loan Amount: | $900.00 |
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| Loan Use: | Buy a motorcycle to rent out |
| Repayment Term: | 20 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
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| Date Listed: | Oct 1, 2008 |
| Date Disbursed: | Oct 15, 2008 |
| Date Funded: | Oct 1, 2008 |
About the Field Partner
About the Field Partner
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| Field Partner: | Fundación AgroCapital, a partner of ACDI/VOCA |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 7980 |
| Total Loans: | $2,077,800 |
| Delinquency Rate: | 0.45% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Bolivia |
|---|---|
| Avg Annual Income: | $2,817.00 |
| Currency: | United States Dollars (USD) |
Miguel Angel is a 28-year-old man who lives in the tropical Santa Cruz region of eastern Bolivia. Miguel Angel's wife is currently in Spain. Miguel rents out several rooms and four motorcycles. Motorcycle rentals are very lucrative, since this is the most common form of transportation in Santa Cruz, and Miguel's prices are very reasonable. He charges 2 bolivianos (about 28 cents) per leg of each trip by motorcycle, and US $120 per month for the rooms he rents.
Miguel has years of experience renting motorcycles, and though there is a lot of competition, his business is doing well. He will use this loan to buy another motorcycle. Miguel currently has another loan out with Fades, another Bolivian microcredit institution, but his loan officer has determined that he has the capacity to repay both loans simultaneously.
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Journal entries for Miguel Angel
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Loan has been disbursed
Location: Location Undisclosed, Bolivia
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Posted by
from Location Undisclosed, Bolivia
Oct 16, 2008 |
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Comment on this entry
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Repayment Schedule for Miguel Angel
Repayment Schedule for Miguel Angel
| Expected Repayments | Actual Repayments | Comments | |||
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| January 2009 | $50.00 | $50.00 |  Repayment Received
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| February 2009 | $50.00 | $50.00 | Repayment Received
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| March 2009 | $50.00 | $50.00 | Repayment Received
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| April 2009 | $50.00 | $50.00 | Repayment Received
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| May 2009 | $50.00 | $50.00 | Repayment Received
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| June 2009 | $50.00 | $50.00 | Repayment Received
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| July 2009 | $50.00 | $50.00 | Repayment Received
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| August 2009 | $50.00 | $50.00 | Repayment Received
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| September 2009 | $50.00 | $50.00 | Repayment Received
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| October 2009 | $50.00 | $50.00 | Repayment Received
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| November 2009 | $50.00 | $50.00 | Repayment Received
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| December 2009 | $50.00 | $50.00 | Repayment Received
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| January 2010 | $50.00 | Available Jan 1 | |||
| February 2010 | $50.00 | Available Feb 1 | |||
| March 2010 | $50.00 | Available Mar 1 | |||
| April 2010 | $50.00 | Available Apr 1 | |||
| May 2010 | $50.00 | Available May 1 | |||
| June 2010 | $50.00 | Available Jun 1 | |||
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