Primavera Group


Status: Paid Back

$4,675.00   Loan Request
$4,675.00   Paid Back

About the Group

(For privacy reasons, the Field Partner has requested that last names and location be undisclosed)
Group Name: Primavera Group
Group Members: MARLENE
CESARIA
DORA
ARLENA
JENNY JANINE
CAROLINA
MARIOLY
LOURDES
ROMUALDA (not pictured)
ROSMERY
ZAIDA
PATRICIA (not pictured)
JUANITA
JACQUELINE
NANCY (not pictured)
ROSARIO
Location: Location Undisclosed, Bolivia
Activity: Services

About the Loan

Loan Amount: $4,675.00
Loan Use: Working capital
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 28, 2008
Date Disbursed: Oct 22, 2008
Date Funded:Dec 24, 2008
Loan Ended:May 15, 2009

About the Country

Country:Bolivia
Avg Annual Income:$2,817.00
Currency:Bolivia Bolivianos (BOB)
Exchange Rate:7.0551 BOB = 1 USD



The group "Primavera" or "Spring" is represented by Señora Marlene and is comprised of sixteen members who have devoted themselves to doing business.Their characteristics are the seriousness and the responsibility with which they work in their positions selling food, clothing, groceries, baked goods, and other products. Some have devoted themselves to public transportation and others work in domestic service. They comment that they have to continue working to support their family and pay their debt, in order to demonstrate that they are capable and polite people in their work and are continuous members of the foundation Agrocapital. The loan that the members request is to buy work instruments and supplies for the production of their products. In this manner they can improve their income and their quality of life. As for the borrowing experience, it is not the first time that they have worked with supportive groups and they know the responsibility that is necessary in order to pay back their loan.

Translated from Spanish by Lois Parshley, Kiva Volunteer


EL GRUPO "PRIMAVERA" ESTA REPRESENTADO POR LA SEÑORA MARLENE Y CONFORMADO POR 16 SOCIAS QUE EN SU MAYORÍA SE DEDICAN AL COMERCIO, SU CARACTERÍSTICA ES LA SERIEDAD Y LA RESPONSABILIDAD CON LA QUE TRABAJAN EN SUS PUESTOS DE VETA DE COMIDA, ROPA, ABARROTES, HORNEADOS Y OTROS PRODUCTOS, ALGUNOS SE DEDICAN AL TRANSPORTE PÚBLICO Y OTRAS TRABAJAN EN SERVICIOS DOMESTICO. ELLAS COMENTAN QUE TIENE QUE TIENE QUE SEGUIR TRABAJANDO PARA SOSTENER A SU FAMILIA Y PAGAR SU DEUDA PARA DEMOSTRAR QUE SON GENTE CUMPLIDA Y MUY CAPAZ EN SU TRABAJO Y SER SOCIAS CONTINUAS DE LA FUNDACIÓN AGROCAPITAL. EL CRÉDITO QUE SOLICITARON LAS SOCIAS. ES PARA LA COMPRA DE INSTRUMENTOS DE TRABAJO, INSUMOS PARA LA ELABORACIÓN DE SUS PRODUCTOS Y DE ESTA MANERA PODER MEJORAR SUS INGRESOS Y SU CALIDAD DE VIDA, EN CUANTO A LA EXPERIENCIA NO ES LA PRIMERA VEZ QUE TRABAJAN CON GRUPOS SOLIDARIOS POR LO QUE SABEN LA RESPONSABILIDAD QUE SE NECESITA PARA EL PAGO DE SU CRÉDITO


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 Primavera Group


Loan has been disbursed
 
Entrepreneur: Primavera Group
Location: Location Undisclosed, Bolivia

Thank you for your loan. It has been disbursed to the MARLENE JIMENEZ GARRIDO group, consisting of MARLENE, CESARIA, DORA, ARLENA, JENNY JANINE, CAROLINA, MARIOLY, LOURDES, ROMUALDA, ROSMERY, ZAIDA, PATRICIA, JUANITA, JACQUELINE, NANCY, ROSARIO by Fundación Agrocapital, a partner of ACDI/VOCA in Bolivia. We are excited to watch this business grow. Over the 5 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
Dec 25, 2008
Comments (1)

Kiva Help Repayment Schedule for Primavera Group

  Expected Repayments Actual Repayments Comments
February 2009 $1,870.25 $1,870.24 Repayment Received
March 2009 $778.57 $778.57 Repayment Received
April 2009 $796.60 $796.60 Repayment Received
May 2009 $815.04 $815.04 Repayment Received
June 2009 $414.54 $414.55 Repayment Received