Alborada Group

Status: Paying Back

$4,175
Loan Request
Pre-Disbursed : Jul 20, 2009
Listed: Sep 1, 2009
Funded: Sep 26, 2009
91% repaid

About the Country

Country:Bolivia
Avg Annual Income:$2,817
Currency:Bolivia Bolivianos (BOB)
Exchange Rate:7.0200 BOB = 1 USD


In this Group:
CANDELARIA PADILLA, GLADYS ALIAGA, TEODOSIA FERNANDEZ, FLORENCIA CHOQUE, MARIA FERNANDEZ, JUSTA ZACARIAS, DIONICIA CONDORI, PATRICIA CIPRIANA ROMERO, LUISA LUNA, ELIZABETH SONIA POCOACA, ELDA FERNANDEZ, MARINA ARANA

About the Loan

Location: El Alto / La Paz, Bolivia   Repayment Term: 8 months
(more info)
Activity: Retail   Repayment Schedule: Monthly
Loan Use: Purchase merchandise   Currency Exchange Loss: Covered
      Default Protection: Covered
The Villa Exaltación center is located in the city of El Alto. The Alborada association, which is comprised of twelve members who work enthusiastically to improve their small businesses, belongs to this center.


With the help of their family, these group members own different types of businesses, such as furniture manufacturing and sales, food sales, fruits and vegetables, sweaters, and general stores. The Alborada association members state that they would like to boost sales, but in order to do so, they need to reinforce their capital by purchasing more merchandise. They are sure that they will be able to generate more profits for the good of their families.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer


En la ciudad de el Alto se encuentra ubicado el centro focal Villa Exaltación, a este pertenece la asociación "Alborada", formada por doce miembros que trabajan con mucho entusiasmo por mejorar en sus pequeños negocios.
Con la ayuda de sus familias se dedican a diversas actividades, por ejemplo: Elaboración y venta de muebles, elaboración de comida, venta de verduras, chompas, frutas, otras tienen tiendas de consumo. La asociación Alborada afirma que desean ampliar sus ventas, para esto necesitan reforzar su capital comprando mayor mercadería, tienen la seguridad que podrán generar mayores ganancias para el bien de sus familias.



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 Alborada Group


Loan has been disbursed
 
Entrepreneur: Alborada Group
Location: El Alto / La Paz, Bolivia

Thank you for your loan. It has been disbursed to Alborada Group, consisting of CANDELARIA PADILLA, GLADYS ALIAGA, TEODOSIA FERNANDEZ, FLORENCIA CHOQUE, MARIA FERNANDEZ, JUSTA ZACARIAS, DIONICIA CONDORI, PATRICIA CIPRIANA ROMERO, LUISA LUNA, ELIZABETH SONIA POCOACA, ELDA FERNANDEZ, MARINA ARANA by Pro Mujer Bolivia in Bolivia. We are excited to watch this business grow. Over the 5 months of this loan, Pro Mujer Bolivia will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from El Alto / La Paz, Bolivia
Sep 28, 2009
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Seguimiento
 
Entrepreneur: Alborada Group
Location: El Alto / La Paz, Bolivia

La Asociación Comunal “Alborada”, se reunían cada catorce días en el Centro Focal “Exaltacion”, es un grupo de señoras que han trabajado bastante bien, cumpliendo con todas las cuotas y haciendo uso del crédito en sus negocios, comprando al por mayor sus productos, así como asistiendo a las capacitaciones y sobre todo a los controles en el área de Salud.


Posted by Maria Nela Choquehuanca from El Alto / La Paz, Bolivia
Dec 22, 2009
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Kiva Help Repayment Schedule for Alborada Group

  Expected Repayments Actual Repayments Comments
November 2009 $1,739.58 $1,739.58 Repayment Received
December 2009 $695.84 $695.84 Repayment Received
January 2010 $695.83 $695.83 Repayment Received
February 2010 $695.84 $695.84 Repayment Received
March 2010 $347.91 Available Mar 1