Fatima 1 Group


Status: Paid Back

$2,450.00   Loan Request
$2,450.00   Paid Back

About the Group

(For privacy reasons, the Field Partner has requested that last names and location be undisclosed)
Group Name: Fatima 1 Group
Group Members: Richard
Roberto Roman
Carola
Peregrina
Irene
Irene
Guadalupe
Jose (not pictured)
Cibel (not pictured)
Mirtha
Martha
Adelaida
Location: Location Undisclosed, Bolivia
Activity: Food Production/Sales

About the Loan

Loan Amount: $2,450.00
Loan Use: Buy more merchandise and tools for their businesses
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 1, 2008
Date Disbursed: Oct 17, 2008
Date Funded:Oct 3, 2008
Loan Ended:Mar 16, 2009

About the Country

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



The Fatima 1 group is made up of nine women and three men who live in the tropical Santa Cruz region of eastern Bolivia. The group members are involved in a variety of economic activities: they sell cosmetics, food, clothing and shoes, and work as seamstresses, taxi drivers, and construction workers. Most of the group members have between one and five years of experience in their respective businesses, with the exception of Richard and Carola (who work in construction and fruit sales, respectively), who each have fifteen years of experience.


Most of the group members say they plan to use their loans to buy more merchandise to sell or to buy tools for their businesses. This is the group's first loan cycle, though many of the members have had previous experience with group loans at other Bolivian microfinance institutions.



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 Fatima 1 Group


Loan has been disbursed
 
Entrepreneur: Fatima 1 Group
Location: Location Undisclosed, Bolivia

Thank you for your loan. It has been disbursed to the Fatima 1 group, consisting of Martha, Mirtha, Cibel, Jose, Guadalupe, Irene, Irene, Peregrina, Carola, Roberto Roman, Richard, Adelaida 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 Location Undisclosed, Bolivia
Oct 17, 2008
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Kiva Help Repayment Schedule for Fatima 1 Group

  Expected Repayments Actual Repayments Comments
January 2009 $612.50 $612.50 Repayment Received
February 2009 $612.50 $612.50 Repayment Received
March 2009 $612.50 $612.50 Repayment Received
April 2009 $612.50 $612.50 Repayment Received