Tuesday, June 29, 2010

Now I know what you do at work all day long... watch the World Cup

Works been moving along. We finished all the interviews and we then coded all the data from the responses in an excel spreadsheet. We also created graphs for each question, and it reminded me a bunch of my last marketing project I had to do. Mansi is coming this afternoon to help us build a model to determine interest rate by assigning variables based on risk factors. So far this is what we have: 


Tasa de interés =     – S (Monto)  
                               + T (Plazo)  
                               + U (Garantia) 
                                         0 = Hipotecaria 
                                         1 = Prendaria/ Personal 
                               + V (Tipo de prestamo)  
                                         0 = Capital 
                                         1 = Inversion 
                               + W (Numero de otros prestamos actuales)  
                               – X (Edad de la empresa)
                               – Y (Ganancias del ano en Bs)  
                               + Z (Conducta pasada) 
                                         0 = Nunca falto un pago 
                                         1 = Falto un pago


Sorry it's in Spanish, but I really am not in much of the mood to translate. If you would really like to know exactly what it is saying and cannot figure it out, I recommend WordReference as your translation source. It has basically gotten me through college-level Spanish.

Also a little about my weekend... not much happened. I went out Friday and Saturday nights (obviously).
Friday was more relaxed. We went to a bar called the Salar which is because all of the tables and chairs were made from salt blocks like they are on the salt flats. Below is me tasting the table, and Mateo after he had tasted the table...


Then Saturday my host sister took Becca and Lucas and I to Mandarina Club to dance all night long (or at least until 3AM). Saturday afternoon I watched the US lose in a disappointing game to Ghana, but at least now I can root for Ghana to be the only African team to make it to the semi-finals of the World Cup. And then Sunday afternoon, I made brownies with Laurita and they are delicious!

Friday, June 25, 2010

4 days... just 13 hours of sleep total

I’m sorry for my complete incompetence in posting blogs this week. For that reason, I am going to post the most fabulous blog entry documenting the past week pretty much day by day. I still don’t have pictures though, so those will be coming later (possibly this weekend).

Last Friday was one of the most fun days at work I’ve had. I went with my boss to go buy about 40 saltenas because we were having a press conference at the alcaldia (mayor’s office). The press conference was a little strange, though. I think I was there for decoration to make it look like the room was full because nothing actually ever happened. The people in the audience at their saltenas, and then there might have been something going on in the front of the room. The president of CADEPIA and IDEPRO (another MFI) were there talking into some recorders, but no one in the audience heard any of the questions the press was asking and no one could participate at all. It was a little different—and definitely much less violent—from the mock Hershey’s / Townspeople press conference that my block had just this past semester. Then in the afternoon, Esteban and I walked around Cochabamba in search of affiliates’ businesses so we could distribute a survey to learn more about opinions, sentiments, and feelings toward CADEPIA. Nothing could have been more frustrating! The addresses CADEPIA had on file were all wrong. Some of them didn’t exist. Some of them were not the right business. Put simply, all of them (except 1) could not be found! But it was ok because we got to walk around La Cancha, and we eventually ate some pastel to calm our anger (Pastel is this delicious pastry filled with cheese that is puffy and has confection sugar sprinkled on top… pictured below… yummmm)



After work, I went to the FSD office where I learned about applying for grant money for my project. I really didn't need the talk though since my project doesn't require any grant money, but I was forced to stay through the 2.5 hour long discussion about... I'm not really even sure what. Lately, FSD has been a little bit disorganized, but I guess that's just the Bolivian way. Friday night was spend sleeping on the bus cama on the way to La Paz with Luke and Mansi. It was definitely the most comfortable bus I have ever been on.

Saturday morning- spent in the La Paz bus terminal.

Saturday afternoon- spent on the bus to Copacabana + lunch in Copa + boat ride to Isla del Sol.


On the boat ride, we met a tour guide from La Paz who was on vacation with his girlfriend, but he liked talking to us better. So he told us stories about Lake Titicaca the entire 1.5 hr. boat ride. Then we arrived in Isla del Sol in the town of Yumani and hiked to find our hostel which was at the very top of the hill. I was exhausted and sweaty by the time I reached the hostel, but the hostel was amazing. It definitely had the best views and we had the entire place to ourselves. The rooftop balcony was also great for relaxing and looking at the beautiful snow covered mountains on the other side of the lake. We watched the sunset, ate some dinner, and then went to sleep.


On Sunday morning, we woke up at 6AM to watch the sun rise which was so beautiful. The sun came up directly over the mountains. Then we had home-made crepes and mate de coca before we set off to hike across the island. We spent about 4 hours hiking across the ridge of the mountain with beautiful views on all sides of us.



By the time we reached Challapampa on the other side of the island, we were definitely exhausted and ready to take the boat back to Copacabana. In copa, we bought some pan for the bus ride back, and then we were ready to head back to La Paz. As soon as we reach La Paz, we went to Hostal Wild Rover where we checked into a 16 person dorm room to store our stuff. We showered and then immediately headed out to catch a bus to Tiwanaku where there are famous ruins and a big party every year for the Amayra New Year (or the winter solstice). Midnight to 4AM was spent dancing to live Bolivian music (there were famous bands there... I should probably figure out who they were...) and then we walked to see the spectacle of the sun in La Puerta del Sol. We were given student tickets for 15 Bs each, and then told that we actually had to pay 80 Bs since we were foreigners! We refused and ran away with our tickets that they had already given us. We snuck in through the student entrance by keeping our faces low and pretending to be Bolivian university students. It worked! However, it pretty much went downhill from there. Mansi and I were so cold by 6AM that we just couldn't take it anymore. I think it was the coldest I had been in my life and I was not dressed nearly warmly enough. We left Lucas and told him he could tough it out himself. Good decision, because an hour and a half later we get a frustrated call from Lucas saying, "the sun spectacle didn't even work because there were too many clouds!" But he did get to see Evo Morales speak which is kind of cool. Here is what the spectacle is supposed to look like:

 Wowww!!! Right?

By the time we got back to La Paz, I was so exhausted I could not even think about trying to sleep in a 16 person dorm room or even sight-see through La Paz like we were supposed to do all day Monday and Tuesday (I had asked for Tues. off work). I jumped right on a bus and slept all the way to Cochabamba. When I opened the door, my mom was so happy to see me and so happy that I had decided to come home early. She made me a quick dinner and I went to sleep at 7PM, and slept all the way until 7AM when I had to get up for work. It was much needed sleep.

On Tuesday, I worked. I made some calls to get some surveys answered. I walked through La Cancha a little. And I also researched some more pools. I found one I liked (but I actually went yesterday and it was not that great, it was too hot and you couldn't see anything in front of you), but now I am going to try the Olympic Pool next to the stadium.

Wednesday was Dia de San Juan. I got work off in the afternoon so I could go to a party with mi familia. In the morning at work though, I watched the U.S. beat Algeria 1-0 in the World Cup putting us first in our group and qualifying us for the next round. YAY! After a lunch of hamburgers and home-made papas fritas,  we went to my cousin, Katarin's house where we had a huge bonfire. We roasted hot dogs and had marshmellows dipped in chocolate.


 We had Tequila with fresh lemons off the lemon trees in the yard, sparklers, singani, abejas (bees) that fly and turn green like a firework when lit on fire, rum, bread, vodka, cookies, and whiskey.


 The problem is that in Bolivia, as soon as you take a shot, they fill your glass again, and as soon as you have more alcohol in your shot glass, they expect you to drink it. It is a never-ending cycle which reminds me a little bit of Uncle Rick and his habit of filling everyone's wine glasses as soon as they are near empty. We were all very happy, especially my sister, who was very photo-getic = obsessed with taking photos all night long (they are coming soon).


She did end up getting a little sick at the end of the night, though, so Laurita and I fell asleep in front of the TV in one of the bedrooms until 1:30 AM, when Ronald (Karin's friend/co-worker/boyfriend/I don't really know what) drove us home. This was definitely when of the most fun nights since I got to dance with a cute boy (he was 5 and my cousin and adorable), party with my favorite people in Bolivia, and eat delicious food.


I really did not want to get up Thursday morning, but I pushed myself to do so. Thursday was boring at work. I watched the World Cup. We got some surveys completed. I swam at night, as I said before in that pool I found. It happened to be a pool atemporada (which I think means a hot pool). It was definitely hot... like a bath tub! It was so hot that the water was not clear, so I couldn't really see where I was going. I definitely could not do my flipturns. Oh well, still searching for a pool...

Friday, June 18, 2010

My mom makes home-made empanadas

title - enough said. Can I switch moms? or at least bring her home with me?

Thursday, June 17, 2010

Hard work produces pretty charts

The World Cup has taken over all aspects of my life

So all day Tuesday, Esteban and I gathered information about other Micro-finance institutions in Cochabamba. We went to 8 different MFIs and got a lot of useful information. It's really interesting because each institution is completely different. For example, some MFIs have a set interest rate that they will use for everybody who wants credit no matter the duration of the loan, the amount of the loan, the guarantees the borrower can give, or really anything else (for example Pro Mujer does this... 2% monthly for individual loans and 12% annually for group loans). And some MFIs, like Sartawi, completely personalize every single aspect of the loan for each person from the duration, the interest rate, the amount, etc. because each person offers something different and no two people are exactly alike.

Then at night, I was really in the mood for a saltena, but I couldn't find any! I still have not tried one, and it's really sad. I think today I will leave work around 10 or 10:30 to go find myself one. Instead as I was walking the streets alone at night, I got a call from Mansi who invited me to go eat pizza with her. It was a good alternative, so we met in Plaza Colon from where we would attempt to find the pizzeria that we had gone to as a group the first week in Cochabamba. We searched for almost a half an hour... we really wanted that pizza! Finally we found it and we sat down and had a delicious dinner and talked about micro-finance and my findings. Mansi is working for Pro Mujer so she was actually really interested. She also worked in finance for a business for the past few years while getting her business degree, so she will be able to help me a lot with any financial stuff I need.

Yesterday was not quite as fun. We all kind of just watched the World Cup in the office. We saw Switzerland beat Spain which was amazing (for me). I just like rooting for the underdog. Everyone else though was pretty upset. Then in the afternoon, I bet 5 bolivianos that South Africa would beat Uruguay. Well, I lost 5 bolivianos which was really sad because 5 bolivianos is about 75 cents which could have either bought me 2 saltenas, 10 mandarin oranges, or 8 pieces of bread. Darn!

One and a half more days of work, and then Mansi, Luke, and I are off to Copacabana and La Paz to hike across Isla del Sol and see the Amayra New Year (for the winter solstice) at the ruins in Tiwanaku. Pictures and stories to come by Wednesday hopefully. We have Monday off, and I will hopefully be allowed to miss work on Tuesday to spend some more time in La Paz.

Monday, June 14, 2010

This weekend I "tasted" the poverty

So this weekend, I finally got to relax in Cochabamba. Friday evening, I went to the gym and then got ready to go out con mis companeros. I met up with Luke and Mansi and Becca at Becca's homestay family. We played some Cacho which is a Bolivian dice game kind of like Yatzhee, drank some tequila, and then went out to a bar cerca del centro. The bar was really cool because on the second floor there was a balcony that you could climb over and then slide down a fireman's pole, which we all did multiple times. We danced and had some Huari's and then took the party to La Pimienta. Luke had work the next day, so we put him in a cab to go home around 1:30, and then 15 minutes later Becca had to go home since her sister was also leaving. Mansi and I really wanted to stay and dance longer, though so we did! About 15 minutes later, the boys that we had been dancing with at the first bar showed up at La Pimienta, so we danced all night long with them (well until 3:30 AM). It was definitely a fun night.

Then Saturday I walked around in the morning, read in a park, watched some movies with Laurita, and then went out again at night!!! But it was a relaxed evening with just one glass of red wine. Sunday was fun too because I went to La Cancha in the morning and then hung out with the family in the afternoon. At La Cancha, I bought a llama/alpaca/wool sweater that is really warm and cozy and also some pretty salmon/orange colored fresh flowers for my mom. I did a couple hours of exploring before I realized I was completely lost and didn't know how to find my way back to catch the right bus. But I figured I would just take a cab, and I continued to wander around. Finally I asked someone if they knew where the "U" bus came, and they told me, "aqui!" I was really shocked and excited that I just kind of wandered into the right area and jumped on the next U micro that came down the road. In the afternoon, I studied English with Laurita and then taught her how to jump rope (here they have exams in PE and have to know how to do things correctly!) Then we went and played on the playground in the park across from the house. It's really good for me to hang out with Laurita because I learn a lot of new vocabulary whenever I'm around her.

New words I have learned:
Crust = corteza
Blink = parpadear
Shuffle = barajar
Swings = columpios
Slide = resbalon
Headband = huincha
Purple = purpura

Thursday, June 10, 2010

Wait! Drunk driving is illegal? Let's strike!

So I don’t have much to say today, but I’ll leave you with some fun facts about Bolivia:
  1. Did you know that there is no caffeine in tea? In fact caffeine only exists in coffee. Tea has a different substance called “teina.” These two substances are COMPLETELY  different, so I have been told.
  2. Drunk driving is not illegal in Bolivia. When the government passed a law making it illegal for bus drivers to drink and drive, there was a nation-wide transportation strike so that the government wouldn’t take away citizens’ right to drink and drive!
  3. Lake Titicaca is the highest navigable lake in the entire world.
  4. Bolivia also has the highest city in the world, Potosí, which also used to be the richest city in the world from all the gold and silver, but it’s now one of the poorest.
  5. Bolivia also has the largest salt deposit in the world found at the Salar Uyuni.

Wednesday, June 9, 2010

Chuchaki = Chaki and Achachay = Alalay

All day yesterday, Esteban and I gathered information about other micro-credit institutions in Cochabamba to compare with CADEPIA. It was a little bit tedious, but it needed to be done. In the afternoon, Judozca (who works in the same room as Esteban and I), invited us to her friends birthday party that night. Of course we had to say yes.

So after work, I went to the gym and took a spinning class with Karin which turned out to be harder on my knee (and my butt) than I thought it would be. I think next time I'll just ride the bikes according to how I want to do it and not listen to the instructor. Then after the class, I hurried home to shower and get ready for the party. I didn't want to stay out too late or drink very much because I knew I had work in the morning. Turns out the party wasn't even all that much fun anyhow because most everyone was twice my age, no one was dancing, the music was slow, the music was too loud for me to understand what people were saying to me, and there were only about 15 people at the entire discoteca since the girl had only invited her very very best friends... therefore, a little awkward.

Well, I'm sitting at my desk now, the first one in the office. I hope the other two aren't very "chaki" (hungover) when they come in to work today. And now for a closing thought geared toward my own mother: My new mom REFUSES to let me wash my own dishes. She continually says "dejalo, nomas!" (leave it!) I really want to help because that's what I'm used to at home, but hey, I think I could get used to this too. I might just have a bit of culture shock when I return home and might have forgotten how to wash my own dishes.

Tuesday, June 8, 2010

I really need to learn more financial terms in Spanish

So I'm sitting at my desk (a shared desk) on my second day of work, and I finally understand what I need to be doing. Trying to listen to interpret everything in a foreign language is difficult enough, but trying to understand the financial lingo is even harder!

Anyhow, me and the other intern (from Cuenca, Ecuador... Tricia will be excited) are working on a project to analyze the regiment for distributing loans. We will  be analyzing the current manner in which CADEPIA distributes loans, how other micro-credit institutions do it, and how we can lower "la mora", or the default rate. Unlike most micro-credit institutions, CADEPIA has recently required that its lenders provide guarantees in case they default, such as machinery or a car. They want us to determine whether this new guarantee has lowered the default rate or not.

Although I don't necessarily agree with the concept of "guarantees" since it goes against almost everything micro-finance stands for (poor people simply cannot provide guarantees), CADEPIA isn't really only providing micro loans. For example, Pro Mujer (a really famous micro-credit institution throughout South America) has a default rate of just 1%, but they only give out loans between $50 and $1500 and you must also have a group together of between 10 and 25 people. On the other hand, CADEPIA's loans are a bit larger (between $300 and $4500) and they lend to both individuals and groups. Therefore, it isn't quite the same as a typical micro-credit institution, yet it also isn't quite like a bank which lends even greater amounts.

As I understand and learn more, I'll post it in the blog. But for now... here is a picture of my really cute dog, Sampson!

Saturday, June 5, 2010

Where is "Las Boliches"? Do you mean where are the Boliches?

OK, I know it has been a while but that´s because orientation was just so wonderful I couldn´t find time to make it to an internet cafe. Anyhow, this week, we had some lectures, but we also did some really cool things. For example, we had a city-wide scavenger hunt where we weren´t allowed to take taxis and had to take public transportation. They have mini-buses here called "micros" and also smaller vans called "trufis" and then public taxis called "taxi-trufi". They are a little hard to understand the routes, but I think I´m figuring it out.

I also went out on the town for the first time this week. Me and Becca, another intern, decided to get bread for the group one day, and we asked the two girls there where a good place to find live music would be, and they told us, "Las Boliches en España". So that night, we ventured out to find "Las Boliches". Much to our dismay, we couldn´t find such a bar, so we asked around. That is when we realized that in Bolivia, "Las Boliches" means bar, not any one bar in particular! So three boys took us under their wing and showed us all the best spots. Also, this week we went to a park to the northwest of the city where we basically climbed up a mountain until trees couldn´t even grow anymore. It was an absolutely spectacular view of the mountains.


Afterwards we stopped in a town on the way back to Cochabamba to see a rehearsal for a big parade that they have every year on August 15. I am not quite sure what the parade is for, but I think it has something to do with independence even though their actual Independence Day is August 6 (1825? I think... Bolivia used to be considered part of Peru called "Alto-Peru" or "Tall-Peru"). Anyhow, the rehearsal parade was fun and each different barrio (or neighborhood) has their appropriate dress and song and dance and band and perform together.


On Thursday, my host mom picked me up from the hotel where orientation took place and took me home. The house is absolutely gorgeous and they are just finishing up some really nice renovations. My mom keeps telling me that all that needs to be done are the "cortinas" (the curtains) and that she is so sorry for all the mess, but, in reality, it is absolutely fine and gorgeous. My family is so nice and my mom calls me "mi amor" all the time, and it is so cute. And my niece (yes I am now an aunt!) wants to play games with me all the time and she is really sweet. And my sister is great too because she always tells me that if I ever need her no matter what time, no matter where I am, to call her and she will come find me no matter where I am! And my dad is great too and really helpful with any questions I have. And finally, Sampson, the dog, is sooooooooo adorable. He is a German Shephard and licks me everywhere when I go out to pet him. The picture below is the view from the top balcony of the house... it is gorgeous because you can see el Christo to the right even though it is kind of small in the photo.


On Friday morning, my mom and niece took me to the orientation for my work by micro-bus, and I met the man (Alvaro) that I would be working with. I will be doing something with the actual micro-credit loans, even though I´m still not quite sure exactly what. I will have my own desk though which makes me feel super important! Also, I get $200 in grant money to use on a project with the organization, but I have no idea what kind of project that will be, and all the other interns seem to know exactly how they want to use their money. Oh well, I feel like I will figure it out sooner or later... I do have 2 months.

And finally last night I went out with some of the other interns and even rode a motorcycle for the first time! One of the interns host-brothers took me home on his motorcycle since I needed to be home earlier than the rest of them (yes I do have a curfew here).



And this morning I woke up around 8 to go swimming. My dad told me where to find a pool, but when I got there, it wasn´t in use because it was an outdoor pool, so the lady told me where to find another pool. However, this pool was at a hotel, and actually didn´t exist. So my search continued. The concierge told me of a pool a little to the north, so I got in my third taxi of the day and went to this pool, but unfortunately, you can only take classes there, and it is not open for free swimming. So my search continues and hopefully I will be able to find one.

Work starts on Monday, and I have Wi-Fi at work, so I´ll be updating about the job hopefully after work ends, and I´ll also try to be on skype around 6:30 PM if anyone would like to talk.