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Cleofe

Update on Cleofe

Cleofe continues to sell hamburgers and she tells us that things went well for her with the previous loan which she used to paint her kiosk. She is asking for a new loan to buy ingredients like potatoes and meat to make her hamburgers.
View original language description ↓
La Sra. Cleofe sigue con la misma actividad de la venta de hamburguesas, cuenta que le fue muy bien con el anterior crédito que lo utilizo en el pintado de su kiosco en esta ocasión solicita el crédito para la compra de insumos como papa y carne para la elaboración de sus hamburguesas.

Previous Loan Details

For the last 2 years, Señora Cleofe has run a stall selling fast food, hamburgers and salchipapas (sliced hot dogs with French fries) in Tembladerani. She started out with a small amount of capital and now, owing to her own efforts, she has progressed and improved her business. Sra Cleofe is hard... More from Cleofe'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
  • 112
    View loans »
    Bolivia Loans Fundraising
  • $29,154,400
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Cleofe to buy ingredients.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2012
Listed
Jan 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Cleofe. It was first posted on Kiva on Jan, 2012. Learn More