Check out some available loans that are similar to this one!
Edwin Grover
Grover H. O. is a man of 41 years of age, and is married with 2 children, 13 and 15. He lives in the Sarcobamba zone, Cercado province. Grover is married to Teodora Menacho.

Grover works as a hardware distributor. He is in charge of looking for clients and taking their orders. After he has gathered a large number of orders, he places his order in La Paz city, and later distributes his client's orders. There are months when orders are high, but there are also months when, despite his hard work, he doesn't manage to cover living necessities. So, with the help of his vehicle, he also works as a taxi driver, and in this way manages to sustain his home. Teodora also works selling perfumes. The couple are very dedicated to their work, and their biggest dream is that their youngest son studies a military career. Even though he has 4 years left at school they realise that they need to save for when this moment arrives, and it is because of this they are working so much now.

Grover took charge of looking for finance to acquire more merchandise, as he hasn't been able to create an distribution agency yet as he needs more capital and clients. With the passing of years he will achieve having his own distribution warehouse.
View original language description ↓
El señor Grover H. O. es un señor de 41 años, casado con 2 hijos de 13 y 15 años, viven en la zona Sarcobamba, de la Provincia Cercado. Grover se encuentra casado con la señora Teodora Menacho.

Grover trabaja como distribuidor de productos para ferretería, el se encarga de buscarse clientes y después de reunir un pedido considerable, realiza su orden de pedido a la Ciudad de La Paz, y luego Grover distribuye todos sus pedidos, hay meses donde sus pedidos son altos, pero hay meses que a pesar de su esfuerzo no logra cubrir sus necesidades, entonces con ayuda de su vehículo trabaja como chofer de taxi, de ese modo logra levar el sustento a su hogar. La señora Teodora también trabaja, vendiendo perfumes. Los señores son personas muy dedicadas a su trabajo, y tienen un sueño que su hijo menor estudie una carrera militar aunque aún le falta 4 años más para terminar el colegio ellos saben que necesitan ahorrar para cuando llegue ese momento, es por eso que en este momento es donde más están trabajando más.

El señor Grover se apersono buscando un financiamiento para la adquisición mas mercadería, si bien aún no ha podido crear una agencia porque necesitaría mayor capital y más clientes, con el pasar de los años lograra tener su propia tienda de distribución.

Additional Information

About CIDRE

CIDRE is a Bolivian microfinance institution with a strong social commitment to the community. It works to provide quality financial services to rural and peri-urban borrowers, focusing primarily on agricultural loans for dairy farmers and micro-enterprises. CIDRE targets segments of the population that have not traditionally had access to credit, and invests in much-needed community development projects. It is currently working with coca farmers in the Chapare region to replace coca with less controversial crops. Get more involved by joining the Friends of CIDRE lending team.

About Bolivia

  • $2,817
    Average annual income
  • 78
    View loans »
    Bolivia Loans Fundraising
  • $28,120,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Edwin Grover working capital to purchase inventory.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2010
Listed
Apr 13, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 24, 2012