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David

Update on David

David is 29 years old and has a neighborhood store where he sells primary needs products. He says that things went well with the previous loan and this time he is asking for a loan to buy merchandise such as groceries in quantity, breads, wine, and cider for the year end season.
View original language description ↓
El Sr. David tiene 29 años sigue con la misma actividad de la tienda de barrio donde ofrece productos de primera necesidad , cuenta que le fue muy bien con el crédito en esta ocasión solicita el crédito para la compra de mercadería como abarrotes por mayor, panetones, vino y Cidra para esta época de fin de año.

Previous Loan Details

Señor David is a new client of the microfinance institution Emprender. He lives in Chinchaya, a neighborhood located 35 minutes from downtown La Paz. He is the father of a little girl, aged 4, whom he leaves every day with her grandparents, while he goes to his local convenience store in the city... More from David'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
  • 133
    View loans »
    Bolivia Loans Fundraising
  • $29,669,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped David to stock his store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2012
Listed
Dec 11, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014
This photo was used before for a previous loan for David. It was first posted on Kiva on Feb, 2012. Learn More