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Luis

Update on Luis

Luis is 57 years old, an electrician by trade, and he does all types of electrical work. He lives in the “26 de Mayo” zone. This will be his third loan through the institution. Luis will use the money from this loan to buy supplies and tools to make electrical connections so that he can do good work.

Luis has some challenges in his business, such as competition in the field. He will use these benefits to buy more tools for his business, because there is always something that he needs. He used the money from the previous loan to buy the ladder that he desperately needed. His hopes are to have a vehicle that will help him transport his tools. He is grateful to the institution for its support.
View original language description ↓
El Sr. Luis tiene 57 años y es viudo, es de ocupación electricista y se dedica a todo tipo de instalaciones eléctricas, el vive por la zona 26 de Mayo, este préstamo es su tercera secuencia dentro de la institución, El Sr. Luis utilizara este préstamo para la compra materiales y herramientas para realizar las conexiones y que le permita hacer un buen trabajo, el Sr. Luis enfrenta retos en su negocio que son la competencia en el rubro y utilizara los beneficios en la compra de mas herramientas para su negocio ya que siempre falta algo con el anterior credito le fue muy bien ya que compro la escalera que tanta falta le hacia , su deseo del Sr. Luis es tener un vehículo que le ayuda a transportar sus herramientas, se siente agradecido con la institución por el apoyo brindado.

Previous Loan Details

Luis is 57 years old and a widower. He is an electrician by trade and he carries out all kinds of electrical installation work. He lives in 26 de Mayo neighborhood and this loan is his second with the institution. Luis will use his loan to buy a ladder for his business. This will help him in ... More from Luis'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
  • $28,715,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Luis to buy tools and supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 19, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Luis. It was first posted on Kiva on Mar, 2012. Learn More