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Carmen Denny

Update on Carmen Denny

Carmen continues to sell clothing. She says she used her previous loan to pay for building materials. She will use this loan to buy wholesale clothing to increase sales and profits. She is happy with and grateful for the chance to grow her business.
View original language description ↓
La Sra. Carmen sigue con la misma actividad de la venta de ropa, cuenta que le fue con el anterior crédito ya que lo utilizo en la compra de material de construcción, en esta ocasión solicita el crédito para la compra de mercadería ropa por mayor ya que incremento sus ventas y es necesario para incrementar sus ganancias, se siente feliz y agradecida por la oportunidad que le dan para crecer en su negocio.

Previous Loan Details

Carmen sells clothes. She is married to Darío, and they currently live in their own house in the Cotoca neighborhood. Carmen buys and sells Brazilian clothes. She has been developing this business activity for over a year. She delivers all of her products for credit for a maximum of one month... More from Carmen Denny'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
  • 204
    View loans »
    Bolivia Loans Fundraising
  • $31,401,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Carmen Denny to buy wholesale clothing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014
This photo was used before for a previous loan for Carmen Denny. It was first posted on Kiva on Jan, 2012. Learn More