Update on Toribia SusanaToribia is 36 years old, married, and has two children ages 5 and 16. She is a client who finds herself in her second sequence with the institution. She lives in the Las Lomas zone and dedicates herself to varnishing, detailing and finishing of chairs. Her workshop is in her own home where she lives with her children and husband, who dedicates himself to carpentry making doors and kitchen cabinets. The loan is destined for the purchase of lumber and a planing machine. Toribia lives in her own home, which is still under construction. In the future, she plans to finish building her home and therefore bring more comfort to her family. The whole family works, supporting each other in the making and selling of the furniture. Over time, she would like to have a larger workshop to be able to employ more laborers and therefore other youngsters will also learn the carpentry trade. Things went very well with the previous loan and, for this reason, she continues investing in her business.
Previous Loan DetailsToribia is a new loan client. She lives in Las Lomas zone and works in carpentry, mostly varnishing, detailing and finishing chairs. Her workshop is located in a room in the house where she lives with her children and husband, who also works in carpentry making doors and kitchen cabinets. Thi... More from Toribia Susana'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.
131View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Aug 14, 2012
- Sep 16, 2012
- Currency Exchange Loss:
- Sep 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.