Update on WilsonWilson is 44 years old and has three children, ages 15, 11, and 2. He runs a business renting amplification services. He works on the weekends or when he has a contract. This is the main source of income for he and his family. His children are still in school. His wife also helps with the household expenses with small sales of specific seasonal products. The loan will be used to purchase sound equipment and accessories, thus allowing him to improve his income and consolidate his business, since he has a lot of work in these dates. Wilson is young and hard-working with a great desire to succeed. He wants to offer his children a better future. This job is very tiring since he rents his services to specific social events such as baptisms, weddings, graduations, and many of these events end in the early morning. Wilson is used to staying up very late on many occassions, since this is his job and he has to continue working hard. He feels grateful for the opportunity that the organization is offering him to improve his business each day.
Previous Loan DetailsMr. Wilson runs an amplifier hire business which he conducts on weekends and when he has a specific contract. This is the main source of income for his family which is comprised of his wife and three children, ages 15 and 10, in school, and a one-year old. His wife also helps with the household… More from Wilson'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
- 12 months (Additional Information)
- Repayment Schedule
- Aug 3, 2012
- Sep 3, 2012
- Currency Exchange Loss:
- Jul 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.