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Silvia Magdalena

Update on Silvia Magdalena

Silvia continues to sell food and tells us that things went well with the previous loan. This time she is asking for a loan in order to buy ingredients such as potatoes, meats, and vegetables. She is happy about her increase in customers and her increased income.
View original language description ↓
la Sra. Silvia sigue con la actividad de la venta de comida, cuenta que le fue bien con el anterior credito, en esta ocacion solicita el credito para la compra de insumos para la elaboracion d ecomidas con papa, carne y variedad de vegetales, se siente feliz ya que incremento su clientela y por ende sus ingresos.

Previous Loan Details

Silvia is single and has a minor aged child. Silvia was born in Santa Cruz de la Sierra and she presently lives in the area San José. Her business of selling food is located in a commercial area. She makes a living selling food (Locro, a traditional local soup, and Broaster chicken), which she has… More from Silvia Magdalena'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
  • 89
    View loans »
    Bolivia Loans Fundraising
  • $28,645,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Silvia Magdalena to buy ingredients.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014