Update on Felix ArmandoFélix is a longstanding client who works making jackets that he sells in the center of the country (Oruro and Potosí). He is a hardworking, experienced young man. He began making jackets 11 years ago, so he has outfitted his workshop with the necessary equipment.
He used his previous loan to buy an industrial collaring machine and increased his production along with the growing demand for his products. Now he is requesting a loan to buy an industrial cutting machine and fabrics in bulk because he has many orders to fill and this will help him with the work.
Previous Loan DetailsFélix is a longstanding client. This is his fourth loan sequence. He repaid his previous loan punctually. He manufactures jackets that he sells in the interior (Oruro and Potosí). Félix is a very hardworking client. He’s young but has a lot of experience. He started his occupation ten years… More from Felix Armando'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.
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Success!! The loan was 100% repaid