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Hugo Eduardo

Update on Hugo Eduardo

Hugo continues working as a craftsman, making children's jigsaw puzzles. On this occasion, he is requesting a loan to buy materials which he needs to make more jigsaws. He says that his previous loan was very helpful as he used it to buy materials which increased his production. He now has customers who place wholesale orders with him. He feels happy with the loan that he received as it gave him the opportunity to grow his business.
View original language description ↓
El Sr. Hugo sigue con la misma actividad de la fabricación de artesanías el fabrica rompecabezas para niños, en esta ocasión solicita el crédito para la compra de material para la fabricación de mas rompecabezas, cuenta que le fue muy bien con el crédito ya que lo utilizo en la compra de material
Incremento su producción ya tiene clientes que le hacen pedidos por mayor y se siente feliz por la oportunidad que le brindan en la otorgación del crédito ya que creció en su actividad.

Previous Loan Details

Hugo is 47 years old and has a daughter who is 16. He is an artisan who makes jigsaw puzzles with themes for very young children. Hugo sells them at wholesale, especially at La Tablada market where he has customers who order weekly. Also, on occasion, he travels to the cities of Oruro and Cochaba... More from Hugo Eduardo'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
  • 85
    View loans »
    Bolivia Loans Fundraising
  • $28,702,525
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Hugo Eduardo to buy materials for making jigsaw puzzles.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014