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Sofia

Update on Sofia

Sofia continues with her activity of selling food. She says that the previous loan went well for her. Her activity grew and she increased her clientele and there fore her income did as well. At this time, she is asking for the loan to buy materials to make food, such as groceries and vegetables. She is happy and grateful for the new opportunity that she is being given.
View original language description ↓
La Sra. Sofia sigue con la actividad de la venta de comida, cuenta que le fue bien con el anterior crédito, creció en su actividad e incremento su clientela, y por ende sus ingresos económicos, en esta ocasión solicito el crédito para la compra de insumos para la elaboración de comida como abarrotes y vegetales, se siente feliz y agradecida por esta nueva oportunidad que le brindan.

Previous Loan Details

Sofía is 63 years old, married and has a 22 year old son; she sells food in the Villa Nuevo Potosí zone. This loan will be her third cycle within the institution. Sofía will use the loan to buy chairs and tables and also to buy foodstuffs at wholesale for her business. The reason for asking ... More from Sofia'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

  • $5,500
    Average annual income
  • 178
    View loans »
    Bolivia Loans Fundraising
  • $30,808,300
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Sofia to buy groceries and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Mar 9, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 22, 2014
This photo was used before for a previous loan for Sofia. It was first posted on Kiva on Mar, 2012. Learn More