Update on MarianaMariana lives in the Villa Salomé area, located 25 minutes from the city center. She lives with her two children, one who is already financially independent and a younger one who is in high school.
Mariana works selling a variety of food such as "silpanchos" [thinly sliced breaded meat] and grilled meat, in a space she has in her house. She opens her store only at night, and they have a number of customers. She has worked with Emprender since 2005 and over the years has shown herself to be a responsible client who makes her payments punctually.
Now she is requesting a loan to buy ingredients such as rice, noodles, and potatoes to make her delicious dishes. She is very happy about being given this opportunity. Mariana's dream is to be able to see her children become professionals.
Previous Loan DetailsMariana lives in a zone called Villa Salome located 25 minutes outside the city center. She lives with her two children; one is already financially independent and the younger child is in secondary school. Mariana sells a variety of fast food such as silpancho (thinly sliced, breaded meat) and ba... More from Mariana'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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