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Update on Foska

Foska continues with the same activity selling clothes. She relates that she did well with the previous loan since the business grew and on this occasion she’s requesting the loan to buy seasonal clothes at wholesale because demand is high during the Christmas season and it’s also when she earns the most income.
View original language description ↓
La Sra. Foska sigue con la misma actividad de la venta de ropa, cuenta que le fue bien con el anterior crédito ya que creció en su actividad, y en esta ocasión solicita el crédito para la compra de ropa de temporada, por mayor ya que esta época navideña tiene mucha de demanda y es también donde tiene mas ingresos economicos.

Previous Loan Details

Foska has been selling clothing for a while now. During the New Year’s holiday, her business did very well and now she needs a loan to stock up on more merchandise, for fear that prices will go up. She lives with and looks after her two sons. She has two jobs, one in the morning at a private resi... More from Foska'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

  • $5,500
    Average annual income
  • 199
    View loans »
    Bolivia Loans Fundraising
  • $31,424,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Foska to buy seasonal clothes at wholesale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 15, 2012
Dec 6, 2012
Currency Exchange Loss:
Jan 17, 2014
This photo was used before for a previous loan for Foska. It was first posted on Kiva on Feb, 2012. Learn More