Check out some available loans that are similar to this one!
Alex Ivan
Young Alex is 21years old and a bachelor. He makes and sells straw mattresses, which are called “payasas”. The young man is very hardworking because he also works in a mill as an employee. He lives in the Kalajahuira area.

This is Alex’s first loan from Emprender. He will use it to purchase straw by the truckloands because at the end of the year the rainy season begins and the price of straw rises. This is the main material used to make the payasas. The reason he is requesting the loan is his need for cash.

Alex faces challenges in his business such as the beginning of the rainy season when he runs the risk of not obtaining straw, which is scarce at this time of year. As well his house is located near the river so that he has to produce more in order to secure the infrastructure of his dwelling. He will use his earnings to continue buying more straw in order to supply his business for three months. In addition, he will also purchase jute wholesale in order to reduce his costs.

Young Alex’s wish is to own an auto and to be able to transport his mattresses to distant cities and provinces in the interior such as Los Yungas and to Beni so that he can increase his income.
View original language description ↓
El Joven Alex tiene 21 años y es soltero, se dedica a la elaboración y venta de colchones de paja también llamados como “payasas”, el muchacho es muy trabajador por lo que adicionalmente también trabaja en un molino como empleado que se encuentran en la zona de Kalajahuira, este préstamo es el primero que ha tomado con la institución, Alex va a usar este préstamo para invertir en la compra de paja por volqueta, debido a que en fines de año empieza la época de lluvia y la paja sube de precio ya que este es el principal material para la elaboración de las payasas, su razón para solicitar este préstamo es la falta de efectivo, Alex enfrenta retos en su negocio que son como comienza la época de lluvia corre el riesgo de no conseguir paja, que en estas épocas ya no abunda demasiado, además la ubicación de su casa es cerca al rio por lo que necesita producir más para asegurar la infraestructura de su vivienda y va a utilizar los beneficios en seguir comprando mas paja para proveerse por 3 meses, además comprara yute al por mayor para que disminuyan sus costos, su deseo del joven Alex es que quiere tener su propio auto y llevar los colchones en el mismo a distintas ciudades y provincias del interior como a los Yungas y a Beni y así de esta manera poder aumentar sus ingresos.

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.

About Bolivia

  • $5,500
    Average annual income
  • 238
    View loans »
    Bolivia Loans Fundraising
  • $31,598,925
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Alex Ivan to purchase straw wholesale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Dec 6, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 21, 2013