Update on Lizet FabianaLizet is single and lives in the Abasto region (of Bolivia) in a house that she leases from her mother. She works selling clothing during the day and studies at night. She sells clothing in open-air markets and on weekends she travels to locations around the city of Santa Cruz where fairs take place. In order to be able to sell her products this way, Lizet also takes advantage of national holidays when she doesn't have classes.
Lizet is twenty-one years old. She sells new clothes. Her mainstays are her studies and her work. She sacrifices a great deal so that, through this clothing sales business, she can cover her study and living expenses. With the money from the loan she will buy seasonal winter clothing wholesale, since her earlier loan was very successful and she generated more income and increased her work capital.
She begins selling very early in the morning. She is responsible and wants, day by day, to overcome the obstacles she faces. Her desire is to finish her studies and to practice her profession. In this way she will be able to improve her quality of life.
Previous Loan DetailsMs. Lizet is single and lives in an anticrético in the Abasto zone. [An "anticrético" is a kind of lease-purchase tenancy arrangement common in Bolivia.] The anticrético is her mother's. Lizet works selling clothing during the day and studies at night. She sells clothing on foot through the… More from Lizet Fabiana'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
- 27 months (Additional Information)
- Repayment Schedule
- Apr 25, 2012
- Jun 3, 2012
- Currency Exchange Loss:
- Jun 17, 2014
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.