Update on LourdesLourdes lives in the area of Plan 3000. She lives in her own house with her husband and their three children. She is dedicated to making and selling food in her own house. Also, she is a caretaker in a high school where she sells sweets, soda, hot dogs, barbecue and wings. The loan that she is requesting is to buy ingredients like potatoes, oil, noodles for the sale of food and, in this way, increase her working capital since this time her customers are increasing and she needs to increase her capital to buy tables and chairs. Her husband is photographic editor and also helps her selling food. The previous loan went very well continuing to grow her work. Lourdes is a person with a lot of desire to get ahead. With her husband's at her side, they work hard to give their children a better future since it their wish to see them become professionals. Lourdes is a very hard working person who feels happy for the opportunity provided with the loan granted.
Previous Loan DetailsLourdes lives in Plan 3000 neighborhood. She lives in her own home, together with her husband and her three children. Her business is selling food from her own home. She sells sweet treats, soda, salted and toasted peanuts, roasted meat and wings. She also works as a janitor at a school. L... More from Lourdes'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
- 26 months (Additional Information)
- Repayment Schedule
- May 10, 2012
- Jun 9, 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.