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Miguel

Update on Miguel

Miguel continues working in the same business: selling wood. He says that his previous loan worked out well as he used it to buy wood. On this occasion, Miguel is requesting a loan to buy more wood wholesale as his number of customers has increased, he has orders, and he would like to stock up. This will make him more income.
View original language description ↓
El Sr. Miguel sigue con la misma actividad de la venta de madera, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de madera, en esta ocasión solicita el crédito para la compra de madera al por mayor ya que tiene pedidos y quiere abastecerse de este producto y así generar más ingresos esta época ya que incremento su clientela.

Previous Loan Details

Señor Miguel has lived in the town of La Guardia, belonging to the El Torno municipality, for over 20 years. He lives with his wife, Faustina, who works as a teacher at one of the local schools. Miguel has sold wood for about 12 years. He would like to have this loan for the purchase of wood. He ... More from Miguel'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
  • 185
    View loans »
    Bolivia Loans Fundraising
  • $31,008,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Miguel to buy wood.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
N/A
Ended:
May 19, 2014
This photo was used before for a previous loan for Miguel. It was first posted on Kiva on Dec, 2011. Learn More