Update on Giovana LizetteMs. Giovana is a very enterprising woman who began working at the age of seven helping her mother sell soft drinks. With time she took over responsibility for her mother's business selling "api" (Andean breakfast drink) with cakes and pastry. Previously she worked with the Manos Unidas communal bank where she began with a minimal amount. For two years she has been working with an individual loan, demonstrating her ability to make payments on time. Giovana also has a stall at the Christmas Fair in the the city of La Paz where she can make additional income. Now she works in the afternoon and studies at the university in the morning. She wants to become totally independent and help her mother retire. She lives with her mother and helps out with household expenses. With the loan she is asking for, Giovana will be able to return the "anticrético" money to her tenants, because their contract has been fulfilled, and she would like to be able to rent out her property instead. (An "anticrético" is a housing arrangement that is fairly common in Bolivia, in which tenants pay a large amount of money up front rather than paying rent monthly. The property owner can use the money during the contract period, but must return all the money to the tenants when the contract has been completed. For more information: http://en.wikipedia.org/wiki/Anticr%C3%A9tico)
Previous Loan DetailsMs. Giovana is a very enterprising woman who began working at the age of seven helping her mother sell softdrinks. With time she took over responsibility for her mother's business selling "api" (Andean breakfast drink) with cakes and pastry. Previously she worked with the Manos Unidas communal ... More from Giovana Lizette'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