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Elich

Update on Elich

Elich works sewing dresses for dolls along with his wife Patricia. They have three children, two boys and one girl. Only one of them is school aged. Elich and his family live in the area of Kupini, which is also where their shop is located.

This time he is requesting a loan to purchase fabric to make clothing for dolls. Things went very well for him with the previous loan, which is why he is requesting this loan, since there has been an increase in demand for his products.
View original language description ↓
El Sr. Elich se dedica a la costura de vestidos de muñecas junto a su esposa la señora Patricia, tienen tres hijos, dos varones y una niña solo uno en edad escolar, Elich y su familia viven en la zona de Kupini dond etambien esta su taller, en esta ocacion solicitra el credito para la compra de tela para la confeccion de ropa para muñecas, con el anterior credito le fue muy bien por este motivo solicita este credito ya que esta creciendo la demanda de sus productos.

Previous Loan Details

Elich is a new Emprender client. He and his wife, Patricia, our client as well, make clothes for dolls. Elich also works as a salaried driver. They have three children, two boys and one girl; only one of them is still school aged. Elich and his family live in the Kupini zone which is loca... More from Elich'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

  • $5,500
    Average annual income
  • 196
    View loans »
    Bolivia Loans Fundraising
  • $31,028,500
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Expired
A loan of $1,025 helped Elich to purchase fabric.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Oct 11, 2012
Currency Exchange Loss:
Possible
Expired:
Nov 10, 2012
This photo was used before for a previous loan for Elich. It was first posted on Kiva on Nov, 2011. Learn More