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Luis Alberto

Update on Luis Alberto

Luis is continuing with his business making and selling bread. Conversing with us, he said that things went very well with his last loan, because he was able to buy supplies and increase his production. At this time, he is requesting a loan to buy flour, butter, and other supplies to make bread, because his customer base has been expanding.
View original language description ↓
El Sr. Luis sigue con la misma actividad de la elaboración y venta de pan conversando con el nos conto que le fue muy bien con el crédito ya que lo utilizo en la compra de insumos ya que ahora incremento su producción, ahora en esta ocasión solicita el crédito para la compra de harina, manteca y demás insumos para la elaboración de pan ya que en este último tiempo incremento su clientela.

Previous Loan Details

Luis is 20 years old. He works making bread from rice flour. His bakery is located in the town of Torno. This loan is his second cycle with the institution. Luis is going to use the loan to buy rice flour, butter and sugar in bulk since he has a large capacity oven and wants to increase… More from Luis Alberto'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
  • 97
    View loans »
    Bolivia Loans Fundraising
  • $28,186,275
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Luis Alberto to buy supplies at wholesale such as flour and butter.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 16, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Luis Alberto. It was first posted on Kiva on Sep, 2012. Learn More