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Filomena

Update on Filomena

Señora Filomena continues the same work of selling basic staples in her neighborhood store. She says it went well with her previous loan since she used it to buy groceries. This time she asks for the loan in order to buy merchandise like wholesale sweets and soft drinks because it increased her sales and she wishes to stock up her store. She feels happy and grateful for the opportunity given to her to grow her business.
View original language description ↓
La Sra. Filomena sigue con la misma actividad de la venta de productos de primera necesidad en su tienda de barrio, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de abarrotes, en esta ocasión solicita el crédito para la compra de mercadería como dulces y refrescos por mayor ya que incremento sus ventas y desea surtir su tienda, se siente feliz y agradecida por la oportunidad que le dan para crecer en su negocio.

Previous Loan Details

Filomena is 61 years old, is married and has independent children. She sells staples in her neighborhood store, which is located in the Pampahasi area. This loan is her 14th loan cycle with the institution. Filomena will use the loan to buy wholesale grocery goods such as rice and sugar. She ... More from Filomena'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
  • 198
    View loans »
    Bolivia Loans Fundraising
  • $31,029,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Filomena to buy merchandise, soft drinks, and sweets to stock up her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013