Update on Gloria MargaritaGloria is 52 years old and sells food for a living. She works every day in her business which is located in her home. There she prepares a variety of dishes to sell to her customers. This business is the main source of income for Gloria and her family and she works together with her daughters who help her to prepare the food and serve customers.
Gloria will use her loan to buy supplies wholesale (potatoes, rice, noodles, etc.) so that she has a full pantry. Her previous loan went very well. Gloria is a very hard-working person. She has been selling food for many years and is very grateful to the institution for the support they provide.
La mencionada actividad es su principal fuente de ingreso para ella y su familia la misma que desarrolla conjuntamente con su hijas quienes le ayudan a preparar y atender a sus clientes, el destino del crédito es para la compra por mayor de insumos (papa, arroz, fideo y otros) para lograr tener una despensa llena, ya que con el anterior crédito le fue muy bien, la Sra. Gloria es una persona muy trabajadora lleva años en esta actividad de la venta de comida está muy agradecida con la institución por el apoyo brindado.
Previous Loan DetailsGloria sells food every day from her home-based store, where she prepares and offers various dishes to her customers. This is the primary source of income for her and her family and she does this together with her daughters, who help her to prepare the dishes and serve customers. She will use t... More from Gloria Margarita'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
- 13 months (Additional Information)
- Repayment Schedule
- Jun 14, 2012
- Jul 21, 2012
- Currency Exchange Loss:
- Jun 17, 2013
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.