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Victor Hugo

Update on Victor Hugo

Víctor continues to make jackets. He lives with his wife and son. He says that his previous loan went very well. Currently he is requesting a loan to purchase bolts of fabric and thread to make jackets. He is bringing his products to the city of Oruro where he is doing very well. His business is growing and his income is improving.
View original language description ↓
El sr. Víctor, sigue con la actividad de confección de chamarras vive con su esposa y un hijo, cuenta que con el anterior credito le fue muy bien con la otorgacion del credito, en esta ocacion solicita el credito para la compra de tela por rrollo e hilos para la confeccion de su chamarras, ya esta llevando sus productos a la ciudad De oruro donde le va muy bien esta creciendo en su actividad y esta mejorando sus ingresos economicos.

Previous Loan Details

Víctor is a new client who came to the institution invited by his sister, Gregoria. Víctor lives in the city of La Paz’s Alto Chijini zone. He makes jackets. He lives with his wife and a son. The loan is to buy a five thread overlock sewing machine to make the articles of clothing. He’s do... More from Victor Hugo'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
  • 178
    View loans »
    Bolivia Loans Fundraising
  • $30,838,375
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Victor Hugo to purchase bolts of fabric and thread.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2012
Listed
Oct 29, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013