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Irene Elena

Update on Irene Elena

Irene has her workshop in her own home. She continues with the same activity of the production of cushions in quantity of all types and sorts, and also produces many other items of clothing, like, for example, socks for babies. The material for the socks comes from the leftover material from the cushions.

She says that it went well for her with the previous loan. She bought a sewing machine and this helped her a lot in her work. Now, on this occasion, she is requesting the loan for the purchase of a cutting machine and so, little by little, equip her workshop, improve her production, and thereby also increase her economic income.
View original language description ↓
La señora Irene tiene su taller en su mismo domicilio sigue con la misma actividad de confeccion de almohadones por cantidad de todo tipo y clase y también confecciona muchas otras prendas de vestir como por ejemplo medias para bebes el material para las medias lo hace de la sobra de los almohadones, cuenta que le fue bien con el anterior credito compro la maquina de coser y esto le facilito mucho su trabajo, ahora en esta ocacion solicita el credito para la compra de una maquina cortadora y asi poco a poco ir equipando su taller mejorar su produccion y asi de esta manera incrementar tambien sus ingresos economicos.

Previous Loan Details

Ms. Irene has her workshop in her own home. She devotes herself to manufacturing all types and styles of pillows and cushions in quantity, and she also manufactures many other articles of clothing such as baby socks, which she makes out of the leftover material from the cushions. With the money f... More from Irene Elena'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
  • 100
    View loans »
    Bolivia Loans Fundraising
  • $29,504,650
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Irene Elena to buy a cutter.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2012
Listed
Nov 18, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Irene Elena. It was first posted on Kiva on Jan, 2012. Learn More