This loan is Mery's first within the institution. She is going to use the loan to purchase construction materials to build a room in her house. Her reason for requesting the loan is the lack of cash for the purchase of materials.
Mery faces challenges in her business, including weather conditions and also competition from other food-sales businesses, which is causing her to have to try to reduce her costs and improve the flavor of her dishes. She is going to use her profits to buy utensils and also to expand her business so that she can attract more customers during the peak lunch and dinner hours.
Mery is a very hardworking person; she feels glad to have the opportunity provided by the granting of 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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Success!! The loan was 100% repaid