Update on MarthaMartha has a business selling cold cuts and meats. She sells a variety of basic household products and has run her business for four years.
She is 57 years old, separated from her husband, and has two children who are adults, live independently, and help her in her business. Martha always has the best cold cuts to offer her customers. She lives in Alto Pampahasi district, 25 minutes from the city center. She currently works hard to have good capital and merchandise available. Right now, her sausage sales are increasing and she has to increase her orders. For this reason, she is requesting a loan to buy a delicatessen machine with which to cut her cold meats. She is a very hard-working and kind person and, since she has taken out loans with Emprender, she has shown herself to be punctual and responsible.
Previous Loan DetailsOn June 24th of each year, Bolivia celebrates the Festival of San Juan. Part of the tradition involves building bonfires and eating sausages (hot dogs). Sra. Martha has many customers around this holiday since she operates a meat locker and butcher shop. She always has the best cured meats for... More from Martha'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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