Maria Auxiliadora Group

Status: Paid Back

$3,925
Loan Request
Disbursed : Oct 17, 2008
Listed: Oct 1, 2008
Funded: Oct 3, 2008
$3,925
Paid Back
Ended: May 15, 2009

About the Country

Country:Bolivia
Avg Annual Income:$2,817
Currency:United States Dollars (USD)


In this Group:
Clara Julia, Maria Elena, Omar Demetrio, Rude*, Gregoria Fidelia, Natalia*, Patricia, Eliana, Petronila, Wilberth, Ines, Amalia
* not pictured

About the Loan

(For privacy reasons, the Field Partner has requested that last names and location be undisclosed)
Location: Location Undisclosed, Bolivia   Repayment Term: 8 months
(more info)
Activity: Retail   Repayment Schedule: Monthly
Loan Use: Buy more bulk merchandise to retail   Currency Exchange Loss: N/A
      Default Protection: Covered
The Maria Auxiliadora group is made up of eleven women and two men who live in the Villa Mexico neighborhood of Cochabamba. The group members have limited resources and work hard to repay their loans.



The group members are mostly ambulatory vendors, with the exception of Rude and Ines, who sell clothing and underwear, Maria Elena, who is a seamstress, Amalia, who sells crystal dishes, and Omar, who drives a bus. About half of the group has around five years of experience, and the other half has more than 10 years of experience. Clara Julia has been working as a vendor for 35 years!


Most of the group plans to spend their loan to buy more wares to sell. This is the group's fourth loan cycle. Their previous three loans were repaid without problems.



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 Maria Auxiliadora Group


Loan has been disbursed
 
Entrepreneur: Maria Auxiliadora Group
Location: Location Undisclosed, Bolivia

Thank you for your loan. It has been disbursed to the Maria Auxiliadora group, consisting of Ines, Wilberth, Petronila, Eliana, Patricia, Natalia, Gregoria Fidelia, Rude, Omar Demetrio, Maria Elena, Clara Julia, Amalia by Fundación Agrocapital, a partner of ACDI/VOCA in Bolivia. We are excited to watch this business grow. Over the next 6 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 Location Undisclosed, Bolivia
Oct 18, 2008
Comment on this entry

SEGUIMIENTO MARIA AUXILIADORA
 
Entrepreneur: Maria Auxiliadora Group
Location: Location Undisclosed, Bolivia

Según lo que se pudo percatar, el banco comunal Maria Auxiliadora se encuentra muy deteriorado, se tiene la seguridad que el financiamiento otorgado le pudo servir de mucho en sus actividades comerciales, pero no obstante el banco se encuentra muy sobreendeudado, son muchas las instituciones en las cuales ellas sacaron credito mancomunado y por ello se les hace dificil un crecimiento ya que solo se preocupan en obtener la cuota mas cercana de los bancos que tienen. No se noto mejoramiento alguno por los problemas que tienen, pero si demuestran un interes y una preferencia a futuro de manterse como clientes de agrocapital y dejar las otras instituciones. Muchos problemas, sobreendeudamiento es el principal, ya que llevo a varias socias (3) a escaparse y dejar a todo el grupo la responsabilidad de esa deuda ajena. Las expectativas de los clientes son de crecer y salir de la condición de sobreendeudamiento en que se encuentran, esto representa un aliento para que en un futuro puedan nuevamente ser parte de esta metodología de banca comunal en Agrocapital.


Posted by Paola Gutierrez from Location Undisclosed, Bolivia
Nov 16, 2009
Comment on this entry

Kiva Help Repayment Schedule for Maria Auxiliadora Group

  Expected Repayments Actual Repayments Comments
January 2009 $654.17 $654.17 Repayment Received
February 2009 $654.17 $654.17 Repayment Received
March 2009 $654.17 $654.17 Repayment Received
April 2009 $654.17 $654.17 Repayment Received
May 2009 $654.17 $654.17 Repayment Received
June 2009 $654.15 $654.15 Repayment Received