Update on SoniaSonia is 49 years old. She was born in Monteagudo-Chuquisaca and currently lives in the city of Santa Cruz with her husband and her two children who are 25 and 23 years old. Sonia came here from her home town many years ago in search of new opportunities. Her business is hiring out tables and chairs for social events. She also decorates event rooms. This is the only business with which she supports herself financially. She will use her loan to buy tables and chairs so that she can continue growing in her business. Sonia tells us that her previous loan was very useful. She is very grateful to the institution for trusting in her.
Previous Loan DetailsSonia, 48, was born in Monteagudo-Chuquisaca. Many years ago she came from Santa Cruz looking for new opportunities and this is where she now lives with her husband. She has two adult daughters. Sonia rents tables and chairs for social events and also decorates salons. This is the only bus... More from Sonia'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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