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Asociacion De Agua Oriental - Eden Group
In this Group: Ramiro Rober, Lizite Martha, Rosario, Ada Leonor
The Asociación de Agua Oriental – Edén is located in Puntiti in the Sacaba municipality. It is currently comprised of 187 members who have connection to the water distribution system. This was financed years ago by the government and with contributions from each one of the neighbors. This is for the drilling of a well and an elevated storage tank.

It is now suffering from sedimentation, and the flow is drying up. That is why, in assembly, they resolve to sign a contract with a company to drill a well. They need 80,000 liters of water a day, and they need to build an elevated tank to keep and distribute the water. To do this, they have part of their resources in a savings account. However, in order to complete the amount, they need a loan.

The neighborhood has grown to more than 250 families. Currently, the are not covering the difference because of supply. It is a neighborhood that, little by little, and with their own contributions, is addressing different works of improvement in order to achieve a better quality of life for all of the families that live in the community.

The board of directors is comprised of Martha, Ada, Rosario, and Rober. They are the representatives for the administration. Rober was not able to appear in the photo above.
View original language description ↓
La asociación de agua oriental - edén, está ubicada en la localidad de Puntiti del municipio de Sacaba, actualmente está conformada por 187 socios que cuentan con conexión al sistema de distribución de agua que fue financiado hace años por el gobierno y por aportes de cada uno de los vecinos para la perforación de un pozo y un tanque elevado para el almacenamiento. Actualmente el mismo está sufriendo sedimentación y el caudal se está secando, es por eso que en asamblea resuelven firmar un contrato de perforación de pozo con una empresa, tienen necesidad de 80 mil litros de agua día y construcción de tanque elevado para la recepción y distribución de la misma, para ello tienen parte de sus recursos en una cuenta de ahorro, pero para completar el monto necesitan un crédito. El vecindario ha crecido hasta más de 250 familias y actualmente por razones de abastecimiento no cubren esta diferencia. Es un barrio que poco a poco y con aportes propios está encarando diferentes obras de mejoramiento para lograr una mejor calidad de vida para todas las familias que habitan la comunidad. La directiva actual está conformada por la señora Martha, Ada, Rosario y el señor Rober, que son los representantes para la gestión. El señor Rober no aparece en la foto.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

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About Bolivia

  • $2,817
    Average annual income
  • 76
    View loans »
    Bolivia Loans Fundraising
  • $29,441,350
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Asociacion De Agua Oriental - Eden Group's $19,875 loan helped a member to drill a well for 250 families in the town of Puntiti.
85% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 30, 2013
Listed
Jan 16, 2014
Currency Exchange Loss:
Possible