Libertador Group

Status: Paid Back

$2,600
Loan Request
Disbursed : Oct 17, 2008
Listed: Oct 1, 2008
Funded: Oct 3, 2008
$2,600
Paid Back
Ended: Mar 16, 2009

About the Country

Country:Bolivia
Avg Annual Income:$2,817
Currency:United States Dollars (USD)


In this Group:
Marco Antonio, Nelly, Doris Rossio, Julia, Delia, Liseth, Georgina Julia, Maria Luisa, Paola Esther, Irene, Hugo Leo, Jose Maria

About the Loan

(For privacy reasons, the Field Partner has requested that last names and location be undisclosed)
Location: Location Undisclosed, Bolivia   Repayment Term: 6 months
(more info)
Activity: Retail   Repayment Schedule: Monthly
Loan Use: Buy bulk merchandise to resell   Currency Exchange Loss: N/A
      Default Protection: Covered
The Libertador group is made up of nine women and three men who live in the Cerro San Miguel zone of Cochabamba in central Bolivia. Though they are all involved in a variety of different economic activities, the group members share the desire to get ahead, both financially and personally, and hope that this loan will help them increase their income.

Most of them are vendors who work on the street, in markets or door to door. Nelly and Doris sell cosmetics; Maria Luisa, Georgina, and Delia sell clothing; Liseth sells cell phones; Hugo has a printing business; Paola and Jose Maria sell and burn CDs; Julia sells prepared meals; Irene sells sweets; and Marco rents out sound systems. All have between two and ten years of experience in their respective businesses.

Most of the group members plan to use their Kiva loans to buy more merchandise to sell (foodstuffs, school supplies, etc.). This is the group's second loan cycle with AgroCapital.



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 Libertador Group


Loan has been disbursed
 
Entrepreneur: Libertador Group
Location: Location Undisclosed, Bolivia

Thank you for your loan. It has been disbursed to the Libertador group, consisting of Hugo Leo, Irene, Paola Esther, Maria Luisa, Georgina Julia, Liseth, Delia, Julia, Doris Rossio, Nelly, Marco Antonio, Jose Maria by Fundación Agrocapital, a partner of ACDI/VOCA in Bolivia. We are excited to watch this business grow. Over the next 4 months, 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
Oct 18, 2008
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Kiva Help Repayment Schedule for Libertador Group

  Expected Repayments Actual Repayments Comments
January 2009 $650.00 $650.00 Repayment Received
February 2009 $650.00 $650.00 Repayment Received
March 2009 $650.00 $650.00 Repayment Received
April 2009 $650.00 $650.00 Repayment Received