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Lucia

Update on Lucia

Sra. Lucia still earns her living weaving fabric. She tells us that all went well with the last loan which she used to buy wool for weaving. She also increased production. Now she is again seeking a loan to buy alpaca wool at wholesale prices since recently the number of customers for the fabric she weaves has increased.
View original language description ↓
La Sra. Lucia sigue con la misma actividad del tejido de mantas conversando con ella nos conto que le fue muy bien con el crédito ya que lo utilizo en la compra de lana para el tejido y ahora incremento su producción, ahora en esta ocasión solicita el crédito para la compra de lana de alpaca por mayor para el tejido de mantas ya que en este último tiempo incremento su clientela.

Previous Loan Details

Lucia lives in the Alto San Isidro zone, which is located 25 minutes from the center of the city. She is married to Romualdo who works as a construction worker. Together they have five children, two of which are adults while the three minor children are of school age. Lucia makes a living han... More from Lucia'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
  • 105
    View loans »
    Bolivia Loans Fundraising
  • $29,137,325
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Lucia to buy alpaca wool to weave fabric by hand.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 12, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Lucia. It was first posted on Kiva on Jan, 2012. Learn More