Barrio Lindo Group
Status: Paid Back
| $4,825.00 | Loan Request | |
|---|---|---|
| $4,825.00 | Paid Back |
About the Group
(For privacy reasons, the Field Partner has requested that last names and location be undisclosed)| Group Name: | Barrio Lindo Group |
|---|---|
| Group Members: |
JULIA ERIKA CARMEN RUTH AMADA JOSEFA MARCELINA MARCELA RUTH FACUNDINA PEDRO MIRTHA DIKY WILMAR PABLO REINALDO ELIZABETH RUT FAMNY JULIA RODRIGO JOSEFA MAGALI |
| Location: | Location Undisclosed, Bolivia |
| Activity: | Services |
About the Loan
| Loan Amount: | $4,825.00 |
|---|---|
| Loan Use: | To help fund the various businesses in this group, including public transportation, clothing sales and construction. |
| Repayment Term: | 7 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Mar 16, 2009 |
| Date Disbursed: | Feb 10, 2009 |
| Date Funded: | Mar 17, 2009 |
| Loan Ended: | Aug 15, 2009 |
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: | Bolivia Bolivianos (BOB) |
| Exchange Rate: | 7.0200 BOB = 1 USD |
The Group "Barrio Lindo" is made up of 16 women and 5 men. The members work in various activities including public transportation, sales of products such as clothing, perfume, bread, sugar cane, meat, as well as construction of houses. This loan will be used to buy supplies, merchandise, materials, and work tools to grow their respective businesses and help improve the quality of life for their families. The majority of the members have experience in work groups and in managing grants. They are responsible and able to comply with their obligations, which is why the foundation, Agrocapital, is supporting them in their efforts to increase their income. There is a family relationship between Mirtha and Pedro, as well as with Diki and Wilmar who are brothers. However, each member has financial independence.
Translated from Spanish by Emily Charnes, Kiva Volunteer
El grupo " Barrio Lindo" esta representado por la señora Julia y esta conformado por 16 mujeres y 5 hombres. En general los socios (as) se dedican a actividades como el transporte publico de pasajeros y a la venta de productos como ropa, perfumes, pan, caña, carne y a la elaboración de pan y a la construcción de viviendas. Ante cualquier adversidad saben como salir adelante mediante el esfuerzo y seriedad que les caracteriza es por eso que no tienen miedo a la competencia. El crédito que les otorgó agrocapital es para compra de insumos, mercadería, materiales e instrumentos de trabajo para poder mejorar en sus negocios e incrementar sus ingresos para darle a su familia una mejor calidad de vida. Una mayoría de los socios (as) cuentan con experiencia en grupos solidarios así como en el manejo de fondos otorgados y la responsabilidad que se necesita para poder cumplir con sus obligaciones es por este motivo que la fundación agrocapital les brinda una ayuda para mejorar sus ingresos. existe un parentesco familiar entre la señora Mirtha y Pedro, Tambien Diki y Wilmar los cuales son hermanos pero todos tienen independencia económica por lo que no existe riego dentro del grupo.
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 Barrio Lindo Group
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Loan has been disbursed
Location: Location Undisclosed, Bolivia
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Posted by
from Location Undisclosed, Bolivia
Mar 18, 2009 |
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Comment on this entry
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Repayment Schedule for Barrio Lindo Group
Repayment Schedule for Barrio Lindo Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| May 2009 | $1,144.88 | $1,144.88 |  Repayment Received
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| June 2009 | $785.37 | $785.37 | Repayment Received
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| July 2009 | $803.56 | $803.56 | Repayment Received
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| August 2009 | $822.15 | $822.15 | Repayment Received
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| September 2009 | $1,269.04 | $1,269.04 | Repayment Received
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