Bonanza Group

Status: Paid Back

$3,850
Loan Request
Pre-Disbursed : Nov 18, 2008
Listed: Jan 1, 2009
Funded: Jan 5, 2009
$3,850
Paid Back
Ended: Apr 15, 2009

About the Country

Country:Bolivia
Avg Annual Income:$2,817
Currency:Bolivia Bolivianos (BOB)
Exchange Rate:7.0551 BOB = 1 USD


In this Group:
PATRICIA ASUSENA, SANDRA JUANA, PATRICIA FABIOLA, VERONICA, ZENON*, ABEL*, MARIA EUGENIA, CORINA, FABIOLA, KATHIA, MARIA NIEVES, OFELIA EMI, HILARIA, YOSSEPH ALEN, LIZETH*
* 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: 6 months
(more info)
Activity: Services   Repayment Schedule: Monthly
Loan Use: Capital for the members' various business activities   Currency Exchange Loss: Covered
      Default Protection: Covered
The president of the loan group "Bonanza" is Patricia Chirinos Eduardo. She is single and has four children under the age of 12. She is a lively and very capable person, much like all her group members, all of whom are responsible. The majority of the members make a living selling items such as clothing, fruits, food, cosmetics, while others dedicate themselves to baking bread, repairing computers and as domestic servants. The members have a lot of experience selling their products and in this group form they administer the funds well so they can fulfill their promises. This is the first time they have worked with Kiva partner Fundación Agrocapital, but they have previous experience with loan groups so they know the responsibility required. The loan will be used to purchase more supplies and/or ingredients so they can improve the quality of the products they sell or make.

Translated from Spanish by Marty Greenstein, Kiva Volunteer


EL GRUPO "BONANZA" TIENE COMO PRESIDENTA A LA SEÑORA PATRICIA ELLA ES SOLTERA Y TIENE CUATRO HIJOS MENORES DE 12 AÑOS, ELLA ES UN APERSONA ÁGIL Y MUY CAPAZ AL IGUAL QUE TODOS SUS COMPAÑEROS (AS) DE GRUPO YA QUE TODOS SON RESPONSABLES Y CUMPLIDAS. EN SU MAYORÍA SE DEDICAN AL COMERCIO DE ROPA, FRUTAS, COMIDA, COSMÉTICOS OTROS SE DEDICAN A ACTIVIDADES COMO A LA ELABORACIÓN DE PAN, REPARACIÓN DE COMPUTADORAS Y AL SERVICIO DOMESTICO. ELLOS (AS) TIENEN MUCHA EXPERIENCIA EN LA VENTA DE PRODUCTOS DE ESA MANERA ADMINISTRAN BIEN SUS FONDOS PARA PODER CUMPLIR CON LOS COMPROMISOS, ES LA PRIMERA DE VEZ QUE TRABAJAN CON LA FUNDACIÓN AGROCAPITAL PERO TIENE EXPERIENCIA EN GRUPOS SOLIDARIOS POR LO QUE SABEN DE LA RESPONSABILIDAD QUE CUALQUIER FINANCIAMIENTO REQUIERE. EL DESTINO DEL CRÉDITO ES PARA EL INCREMENTO DE PRODUCTOS E INSUMOS PARA LA VENTA ASÍ COMO PARA LA MEJORA DE LA CALIDAD DE SUS PRODUCTOS ELABORADOS.


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 Bonanza Group


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

Thank you for your loan. It has been disbursed to the PATRICIA ASUSENA CHIRINOS EDUARDO group, consisting of PATRICIA ASUSENA, SANDRA JUANA, PATRICIA FABIOLA, VERONICA, ZENON, ABEL, MARIA EUGENIA, CORINA, FABIOLA, KATHIA, MARIA NIEVES, OFELIA EMI, HILARIA, YOSSEPH ALEN, LIZETH by Fundación Agrocapital, a partner of ACDI/VOCA in Bolivia. We are excited to watch this business grow. Over the 3 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
Jan 6, 2009
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Kiva Help Repayment Schedule for Bonanza Group

  Expected Repayments Actual Repayments Comments
March 2009 $2,364.80 $2,364.80 Repayment Received
April 2009 $984.45 $984.45 Repayment Received
May 2009 $500.75 $500.75 Repayment Received