Eugenia will use this loan to buy construction materials to build a room in her house. She is applying for this loan because she lacks the money to buy these materials.
Eugenia confronts some challenges in her business, such as weather conditions and competition from other food businesses. Consequently, she must try to reduce her costs and improve the seasoning of her dishes. She will use her earnings to buy utensils and to expand her business in order to serve more clients during the peak lunch and dinner hours.
Eugenia is a very hardworking person. She is happy to have the opportunity to receive this 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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