Update on Juan CarlosJuan sells hardware accessories in the Quillacollo fair. It's three days a week and once he finishes his work he must pick up his merchandise to bring it to the next fair. This is Juan's routine to sell his products and thus feed and clothe his whole family, since he pays all the household expenses. He dreams of being able to open his own stable hardware store, renting a place and offering his products there. With the money from the loan, Juan will buy wheelbarrows to stock his place more. He needs these products, since when he bought them previously it went very well for him and his customers are asking him for more wheelbarrows. Juan is a responsible and hardworking person who is thankful to the institution for the support offered.
Previous Loan DetailsJuan has a business selling hardware products at the Quillacollo market, which is open three days a week. When the market ends, Juan must collect all his merchandise and take it home and then bring it back the next day. This is Juan's routine, which he follows in order to sell his products and fe... More from Juan Carlos'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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