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Yervacio

Update on Yervacio

Yervacio continues to make a living in transport, but he now works with heavy transport, taking construction materials to different building sites around La Paz. He also still helps his wife with her work when he can.

This time, he is requesting a loan to buy new tires for his truck, because the ones he is using at the moment are very worn and he is worried that a tire may burst under the weight of the load he carries.
View original language description ↓
El Sr. Yervacio sigue con su actividad de transporte, pero ahora de transporte pesado ya que se encarga de trasladar material de construcción a distintas obras de la ciudad de La Paz, y cuando puede sigue ayudando a su esposo en su trabajo, en esta ocasión solicita el crédito para la compra de llantas para su camión ya que las que tienen ya están muy gastadas y tiene un poco de temor ya que con la carga que lleva se pueda pincharlas llantas por el peso.

Previous Loan Details

Yervacio is married to Nieves. They are old customers of this institution and have three daughters and a son. They live in the Unni community located 20 minutes away from La Paz. From the Chasquipampa institution there are not very frequent buses and they only pass during certain established t... More from Yervacio'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
  • 81
    View loans »
    Bolivia Loans Fundraising
  • $29,414,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Yervacio to buy tires.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014