Francisco Monasterio Quispe

Status: Paid Back

$650.00		Loan Request
$650.00		Paid Back

About the Entrepreneur

Name:	Francisco Monasterio Quispe
Location:	La Paz, Bolivia
Activity:	Bricks

About the Loan

Loan Amount:	$650.00
Loan Use:	To purchase materials
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Dec 16, 2008
Date Disbursed:	Oct 30, 2008
Date Funded:	Dec 16, 2008
Loan Ended:	Apr 15, 2009

About the Field Partner

Field Partner:

Emprender

Field Partner Risk Rating:

(Learn more)

Active

20 months

1453

$602,725

0.59%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Bolivia
Avg Annual Income:	$2,817.00
Currency:	Bolivia Bolivianos (BOB)
Exchange Rate:	7.0551 BOB = 1 USD

Señor Francis Monastery Quispe purchases and sells bricks. He lives in the area of Alto Llojeta, an area where you will find the brick factories. He purchase approximately 8000 bricks a week and sells them in the city of Cochabamba, Bolivia, a city located some 400 km from La Paz, in which there is a large market for this product. This is his first loan with EMPRENDER, with which he will expand his business. The loan will assist with the cost of the house. He also has the support of his wife, who is a housewife who dreams of improving the business. He is a very responsible person and has good references where he lives.

Translated from Spanish by Carrie Ting, Kiva Volunteer

El Señor Francisco Monasterio Quispe, se dedica a la compra y venta de ladrillos, vive en la zona de Alto Llojeta, zona donde se encuntran las fabricas de ladrillos, el señor realiza la compra de unos 8000 ladrillos a la semana y los vende en la ciudad de Cochabamba, Bolivia, ciudad situada a unos 400 Km de La Paz, lugar en el cual existe un amplio mercado para este producto. Este es su primer prestamo en EMPRENDER, con el ampliará el negocio. Ayuda con los gastos de la casa y a su vez cuenta con el apoyo de su esposa quien es ama de casa sueñan con mejorar cada vez más su negocio. Es una persona muy responsable, y tiene muy buenas referencias por donde vive.

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Top Lending Teams for this entrepreneur

British Expats.
Common Interest
5 Members

John Butler Trio
Common Interest
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House o' Fun
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15 Members

Team Bolivia
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30 Members

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Journal entries for Francisco Monasterio Quispe

Loan has been disbursed Entrepreneur: Francisco Monasterio Quispe Location: La Paz, Bolivia Thank you for your loan. It has been disbursed to FRANCISCO MONASTERIO QUISPE by Emprender in Bolivia. We are excited to watch this business grow. Over the 4 months of this loan, Emprender will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from La Paz, Bolivia Dec 17, 2008
Comment on this entry

Kiva Journal Update for Francisco Monasterio Quispe Entrepreneur: Francisco Monasterio Quispe Location: La Paz, Bolivia As a Kiva Fellow working with Kiva’s local partner MFI, Emprender, I recently had the opportunity to visit with Francisco Monasterio Quispe, a Kiva funded entrepreneur. Francisco is the brother in law of Carmen, another Kiva entrepreneur and not only do they live in the same house, but their businesses are very similar. Getting to Francisco’s house was trickier than I imagined. There are no buses that climb up the steep hill towards the brick making factories high above La Paz. I am still getting accustomed to the altitude here, so we had to stop ever 20 meters or so for me to catch my breath! Of course, the Emprender loan officer, Maria Elena had no trouble climbing up such a hill even though she recently had a baby! When we finally arrived at his house, it was lovely to sit down and learn about his sister in-law’s business before Francisco arrived home from lunch. He works, along with most of his neighbors in a brick factory. Here he helps collect dirt, fill molds and dry bricks. Each factory produces nearly 10,000 bricks a day. Francisco used his Kiva funded loan to buy bricks from his employer and other local factories and to bring them, with a rented truck to Cochabamba once a week. Cochabamba is about 9 hours from La Paz. He has a hard time estimating his profits from this business but it very clear that it has improved his earnings. In the next few years he hopes to save enough to rent an oven and make his own bricks instead of doing them for someone else. I very much enjoyed meeting Francisco and was impressed by the arduous and difficult nature of working with bricks. Thank you for supporting Kiva, Emprender and Francisco. To read more about the adventures of Kiva Fellows, check out our blog: link text
Posted by Sierra Visher from La Paz, Bolivia Mar 6, 2009
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Repayment Schedule for Francisco Monasterio Quispe

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	Expected Repayments	Actual Repayments	Comments
February 2009	$244.94	$244.94	Repayment Received
March 2009	$129.80	$0.00	Repayment Received
April 2009	$134.95	$264.75	Repayment Received
May 2009	$140.31	$140.31	Repayment Received