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Alberto

Update on Alberto

Alberto continues to run a neighborhood store. He says that he got on very well with the help of the previous loan as he was able to stock his small store with the products he purchased. This time he is requesting the loan to purchase products such as soft drinks, candy, cookies, and groceries to restock his store so he can offer a variety of products to his customers, thereby increasing his income.
View original language description ↓
El Sr. Alberto sigue con la misma actividad de tienda de barrio cuenta que le fue muy bien con el anterior crédito ya que pudo surtir su tiendita con la compra de productos, en esta ocasión solicita el crédito para la compra de productos como refrescos, dulces, galletas y abarrotes para surtir su tienda, así de esta manera ofrecer variedad de productos a sus clientes y por ende mejorar sus ingresos económicos.

Previous Loan Details

Alberto lives in the Plan 3000 zone in his own house; he’s lived there for three years. He sells basic staple items in a home-based grocery store. This is the only source of income he has to support his family. He is a longstanding client of the institution and this is his fourth sequenc... More from Alberto'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

  • $2,817
    Average annual income
  • 98
    View loans »
    Bolivia Loans Fundraising
  • $28,726,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Alberto to purchase products such as soft drinks, candy, cookies and groceries.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 11, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Alberto. It was first posted on Kiva on Dec, 2011. Learn More