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Filomena

Update on Filomena

Filomena is 61 years old, is married and has independent children. She sells staples in her neighborhood store, which is located in the Pampahasi area.

This loan is her 14th loan cycle with the institution. Filomena will use the loan to buy wholesale grocery goods such as rice and sugar. She is asking for a loan because of her need to stock her business. Filomena faces some challenges in her business like imbalances in the local economy. She will use the profits to keep buying varied merchandise.

Her wish for her business is to have a bigger and better stocked store, and thus have more customers and thereby improve her income.
View original language description ↓
La Sra. Filomena tiene 61 años casada ya con hijos independientes, ella se dedica a la venta de productos de primera necesidad en su tienda de barrio, Que se encuentra ubicado en la zona de Pampahasi, este préstamo es su decima cuarta secuencia dentro de la institución, la Sra. Filomena utilizara este préstamo para la compra de mercadería abarrotes por mayor como arroz y azúcar, su razón para solicitar este préstamo es necesidad de surtir su negocio, la Sra. Filomena enfrenta retos en su negocio que son desbalances en la economía local, ella va a utilizar los beneficios en seguir comprando mercadería surtida. Su deseo por su negocio es que su tienda sea más grande y más surtida y de esta manera tener más clientes y por ende mejorar sus ingresos económicos.

Previous Loan Details

Filomena is the owner of a neighborhood store in the San Antonio area. She owns the home where she has the shop. She lives with her spouse who is an owner-driver of a taxi. She is an old client since this is her 13th loan cycle. The loan she’s asking for is for the purchase of merchandise for th... More from Filomena's previous loan »

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.

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.

About Bolivia

  • $2,817
    Average annual income
  • 90
    View loans »
    Bolivia Loans Fundraising
  • $28,867,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Filomena to buy wholesale grocery goods such as rice and sugar.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2012
Listed
Aug 15, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Filomena. It was first posted on Kiva on Dec, 2011. Learn More