Update on Maria LuisaSra. María is 36 years old, married, and has three children (ages 10, 4, and 2). Her business involves selling honey, which she buys in bulk so that she can eventually resell it in smaller amounts. She conducts her business every day of the week. María is a young hardworking individual. Her husband also works in a town near the city of La Paz.
This loan will be used to buy honey in bulk that she can sell. Sra. María is a hard worker who always looks to invest her earnings in her business. She is pleased and expresses her appreciation to Emprender for the support it has provided.
Previous Loan DetailsMaria has a business selling honey. She buys the honey at wholesale to later sell at retail, an activity that she is involved in every day of the week. She is a young, hardworking person whose family consists of her husband, who also also works in a place near the city of La Paz, and their three… More from Maria Luisa'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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