Update on Mary ShirleyMary is a long-time member of our institution and she is in her second loan cycle.
Mary is married and has 2 small daughters and they live in a family home. Her business is a bakery and she bakes cakes for all types of events (birthdays, baptisms, weddings, etc). She has had her business for more than 5 years and she will use the requested loan to buy ingredients to make the cakes such as flour and milk, and the balance to pay off a debt. Her business is going very well and is growing. Mary is very hard-working and appreciative of the institution that is offering her the support.
Previous Loan DetailsSra. Mary is a long-time member of Emprender who is participating in her second loan cycle. She is married and lives in the family home with her two young daughters. Sra. Mary has a pastry business in which she delivers cakes for all types of events including birthdays, baptisms, weddings, and ... More from Mary Shirley's previous loan »
About EmprenderEmprender has been working in Bolivia since 1999. It is dedicated to becoming a key tool in the development of its clients and the improvement of their quality of life. Operating in three of Bolivia’s major cities – La Paz, Cochabamba, and Santa Cruz – Emprender offers both urban and rural clients the opportunity to obtain financial products tailored to fit their needs and businesses. These products include housing loans, salary loans, “opportunity” (short-term) loans, and higher education loans. To better the quality of life for its clients and non-clients through non-financial services, Emprender offers free medical consultations and health classes given by trained doctors.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid