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Porfiria

Update on Porfiria

Porfiria is 26 years old and she has two children who are two and five years old. She makes cholita hats for a living. She tells us that her previous loan worked out well for her as she used it to buy an overlock sewing machine. This time, she is asking for a loan to buy fabric wholesale to make hats as her production has increased and she wants to supply all of her customers.
View original language description ↓
La señora Porfiria tiene 26 años, tiene dos hijos de las edades de 2 y 5 años, ella se dedica a la confección de sombreros de cholitas, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de una maquina over, ahora en esta ocasión solicita el crédito para la compra de tela por mayor para la confección de sombreros ya que aumento su producción y desea abastecer a toda su clientela.

Previous Loan Details

Porfiria makes traditional hats. She is a new client, and this is her first cycle in the institution. She lives in the city of El Alto, and she is a single mother. She has three children; one is eight years old and school age. The other two are little ones. She will use the loan to buy an ... More from Porfiria'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
  • 96
    View loans »
    Bolivia Loans Fundraising
  • $28,867,525
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Porfiria to buy fabric wholesale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Porfiria. It was first posted on Kiva on Mar, 2012. Learn More