Update on Hugo EduardoHugo 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.
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 DetailsHugo 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 »
About EmprenderEmprender 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.
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Success!! The loan was 100% repaid