My first Kiva loan1
Sandra Iris, Aleida Victoria, Florentina, Olmar, Rosario, Claudia Erica*, Rosario Del Carmen, Ninoska Diana*, Brindicia, Wilder Alvaro, Rossemary, Isabel Maria * not pictured 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: Operating capital Currency Exchange Loss: Possible
The group “Las Pioneras” (the Pioneers) is led by Sra. Sandra Iris and is comprised of 12 members. The majority of the group is involved in retail businesses that sell groceries, food, videos, cleaning supplies, and milkshakes. Other members are engaged in house painting and tailoring. They are not worried about the competition and each member maintains a vending location. They know how to get ahead because of their experience and dedication to their businesses.
This group loan will be used acquire merchandise, materials, and supplies that will help the members increase their earnings so that they can improve the quality of life for their families. Many of the members have previous experience working in solidarity groups and with other financial institutions, so they are aware that responsibility and cooperation is required in order to gain the confidence and support of Fundación Agrocapital.
Translated from Spanish by Ronan Reodica, Kiva Volunteer
El grupo “Las Pioneras” esta representado por la señora Sandra Iris y conformada por 12 miembros que en sus mayoría se dedican a la venta de barrotes en tiendas de barrio, venta de comida, videos, material de limpieza y batidos otros se dedican a la pintura de casas y otras a la confección de prendas de vestir. La competencia no les preocupa mucho ya que cada una es dueña de sus casetas y saben como salir adelante gracias a su experiencia y su dedicación a sus negocios. El financiamiento es para la adquisición de más mercadería para hacer crecer sus ingresos y materiales e insumos que ayuden a incrementar sus ingresos para mejorar así la calidad de vida de sus familias. En cuanto a la experiencia de créditos solidarios muchas de las socias ya contaban con ella gracias a anteriores financiamientos con otras instituciones por lo que conocen la responsabilidad y la unidad que se requiere para adquirir la confianza y el apoyo de la Fundación Agrocapital.
(click to continue reading Kiva – Las Pioneras Group from Bolivia has fully repaid a Kiva loan.)
Footnotes:- well, I think, anyway. Didn’t keep good records of this at first. Maybe this is just the first one I blogged [↩]