Update on AdeliaAdelia continues with her same job selling various staple items in a neighborhood store she has had for a long time. She says the previous loan went well for her. She used it to buy construction materials to remodel, putting the finishing touches on her apartment in her in-laws' house.
Now she's requesting a loan to buy groceries such as rice and noodles, and also to buy a variety of products such as candy, soda, and panettone because her sales increase in this end-of-the-year season and she generates more income.
Previous Loan DetailsSra. Adelia is a member of the San Cristobal Communal Bank. She lives in the Llojeta area in her parents-in-law house with her children and husband. He works for a line of radio taxis and has his own vehicle. Adelia sells a variety of staple products in a neighborhood store that she has had for… More from Adelia'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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