Update on AngelaÁngela lives in the fourth ring zone. She has three children attending elementary and secondary school. She makes purses, hammocks, belts, tote bags, necklaces, mobile phone cases and hoop earrings she sells to crafts shops. She has many orders from abroad like from Spain. She makes everything they ask for.
On weekends she goes out looking for the seeds she uses for the necklaces as well as other materials she uses. In addition, she also teaches weaving and crafts making. She teaches weaving, dyeing, necklace and earring making to women in her community. She is a very proactive person besides being very well known in the zone.
This is her third loan with the institution where she’s shown good payment behavior. The loan she’s requesting is to buy materials used to make the crafts so that she can increase working capital. Ángela is a very hardworking person and she is happy and grateful to the institution for the support provided.
Previous Loan DetailsÁngela lives in the Fourth Ring zone. She has three children going to elementary and secondary schools. She makes purses, hammocks, belts, wallets, necklaces and cell phone sheaths and hoop earrings that she sells to crafts stores. She has many orders from abroad, like from Spain, and she ma... More from Angela'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
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Mar 15, 2012
- Apr 19, 2012
- Currency Exchange Loss:
- Feb 15, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.