Las Rositas Group


Status: Paid Back

$2,300.00   Loan Request
$2,300.00   Paid Back

About the Group

(For privacy reasons, the Field Partner has requested that last names and location be undisclosed)
Group Name: Las Rositas Group
Group Members: NATALY
MARIA
ANGELA
MARIA LAURDES
RUBEN
MARGARITA
ANGEL HENRY
LUCIA
AIDA
ANA KAREN (not pictured)
ROSEMARY
TEOFILA
DELMA
Location: Location Undisclosed, Bolivia
Activity: Services

About the Loan

Loan Amount: $2,300.00
Loan Use: Operational Capital
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 1, 2009
Date Disbursed: Feb 20, 2009
Date Funded:Apr 19, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Bolivia
Avg Annual Income:$2,817.00
Currency:Bolivia Bolivianos (BOB)
Exchange Rate:7.0200 BOB = 1 USD



The group "Las Rositas" (Little Roses) is represented by Nataly and made up of 13 members, who are mostly engaged in the sale of beer, food, clothes, shoes, and service activities such as house construction, house cleaning, and the manufacture of clothing. The competition in this field is tough, but they know how to get ahead by having various products that are affordable to all their clients. This credit is for the acquisition of merchandise, to be able to maximize their income that is the sustenance for their families. Although it is a relatively [new] group, they have experience working with solidarity groups and they know how to respond to their obligations with responsibility and honesty.

Translated from Spanish by Cara Gutterman, Kiva Volunteer


El grupo "Las Rositas" esta representado por la señora Nataly y conformado por 13 miembros los cuales se dedican en su mayoría a la venta de cerveza, comida, ropa, zapatos y a actividades de servicio de construcción de viviendas, limpieza domiciliaria y la elaboración de prendas de vestir. La competencia dentro de este ámbito es dura, pero saben como salir adelante teniendo productos variados y al alcance del bolsillo de todos sus clientes. El destino del crédito para la adquisición de mercadería para poder maximizar sus ingresos que son el sustento de sus familias. A pesar de que es un grupo relativamente tienen experiencia trabajando con grupos solidarios y saben como responder a sus obligaciones con responsabilidad y honestidad.


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 Las Rositas Group


Loan has been disbursed
 
Entrepreneur: Las Rositas Group
Location: Location Undisclosed, Bolivia

Thank you for your loan. It has been disbursed to LAS ROSITAS Group, consisting of NATALY, MARIA, ANGELA, MARIA LAURDES, RUBEN, MARGARITA, ANGEL HENRY, LUCIA, AIDA, ANA KAREN, ROSEMARY, TEOFILA, DELMA 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
Apr 20, 2009
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Kiva Help Repayment Schedule for Las Rositas Group

  Expected Repayments Actual Repayments Comments
June 2009 $920.13 $920.10 Repayment Received
July 2009 $383.04 $383.04 Repayment Received
August 2009 $391.90 $391.90 Repayment Received
September 2009 $400.98 $401.01 Repayment Received
October 2009 $203.95 $203.95 Repayment Received