Update on RonaldRonald, age 32, has an 11 year old son. He lives in El Torno. He has been a glassmaker for a long time. He sells glass for windows, doors, and lamps. His business is in the La Guardia municipality. His wife helps him with his glass business.
He will use the loan to buy material to expand his business. He will also use it to buy products. His previous loan went very well for him.
Ronald is a responsible person with a great desire to improve himself. He lives in the family home, and in time he wants to be able to buy his own house and make his family more comfortable.
He is grateful to our entity for having faith in him and giving him support in order to be able to start his new business.
Previous Loan DetailsMr. Ronald has lived in El Torno for a very long time, he works as a glassmaker. He sells his glass for windows, doors and lamps; the business is located in the La Guardia municipality. Mr. Ronald’s wife is Mrs. Elsa, they have a young son and his wife also helps him in the glass shop. The money… More from Ronald'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