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Lucio
Lucio, age 64, is married and has children who are now independent. Lucio makes clothes in his sewing shop in the Munaypata area.

This loan is his first cycle with the institution. Lucio is going to use the loan to buy construction materials to build a wall on his land. The reason for requesting this loan is his lack of capital. Lucio faces challenges in his business due to the competition in the market and his lack of machinery to make clothes. He will continue working hard in order to buy the machines he needs.

This way he will increase his working capital. He wishes for his business are to have a larger sewing shop and to hire people to help him make the clothes.
View original language description ↓
El Sr. Lucio tiene 64 años y es casado con hijos ya todos independientes, el Sr. Lucio se dedica a la confección de prendas de vestir tiene su taller de costura en la zona de Munaypata este préstamo es su primera secuencia dentro de la institución, El Sr. Lucio va a usar este préstamo para la compra de material de construcción para construir muralla en su terreno, la razón para solicitar este préstamo la falta de capital, El Sr. Lucio enfrenta retos en su negocio que son la competencia del mercado y la falta de maquinaria para la confección de prendas de vestir y seguirá trabajando duro para comprar maquinas que le hacen falta y así de esta manera incrementar su capital de trabajo, su deseo para su negocio es tener un taller de costura más grande contratar personal que le ayude a confeccionar sus prendas de vestir.

Additional Information

About Emprender

Emprender 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.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Bolivia

  • $2,817
    Average annual income
  • 93
    View loans »
    Bolivia Loans Fundraising
  • $28,867,525
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Lucio to buy construction material to build a wall on his land.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013