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Franz Fidel

Update on Franz Fidel

Franz continues to make bronze handicrafts, and he is applying for a loan to purchase material to produce more. His last credit was successful, as he used the funds to buy material and increase production. He will use this loan to fill customer orders.
View original language description ↓
El Sr. Franz sigue con su misma actividad de la fabricación de artesanías de bronce, en esta ocasión solicita el crédito para la compra de material para la fabricación de mas artesanías, cuenta que le fue muy bien con el crédito ya que lo utilizo en la compra de material, incremento su producción y ya tiene clientes que le hacen pedidos por este motivo solicito el credito para satisfacer sus demandas.

Previous Loan Details

Franz is 24 years old and is married with one infant son. He makes bronze handicrafts (he makes badges and brooches for different institutions, schools, etc.). This loan is the his loan with the institution. Franz is going to use this loan for the purchase of material for making crafts and also ... More from Franz Fidel'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
  • 109
    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 $875 helped Franz Fidel to purchase material for bronze handicrafts (badges and broaches).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 22, 2014
This photo was used before for a previous loan for Franz Fidel. It was first posted on Kiva on Aug, 2012. Learn More