Update on MarioMario, 50, lives in Puerto Rico and sells potatoes in Torno. He buys potatoes wholesale from farmers in the area and in the city of Sucre and later resells them. He is separated from his wife. He has two adult children who live with him. He will use the loan to buy potatoes at wholesale as he already has orders to deliver because the demand is high these days, and he wants to take advantage of it. The previous loan cycle went well, and now he needs money to go to Sucre, where he buys a lot of potatoes. He is in his tenth loan cycle and has always been punctual with payments. He feels happy and very grateful for the financial help provided by the institution.
Previous Loan DetailsMario lives in the town of Puerto Rico. He buys and sells in Torno, buying potatoes wholesale from the farmers of the area, and also from the city of Sucre, and later he resells them. He is separated from his wife. He has two children. They are adults but live with him. He will use the mone... More from Mario'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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