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Luis Carlos

Update on Luis Carlos

Luis continues with his business manufacturing winches and cement mixers.

He says that the previous loan went well for him, since he used it to buy a motor and materials for his work.

This time, he is applying for a loan to purchase tools and materials for the manufacture of his products, since he already has orders for the season and a lot of demand for these products.
View original language description ↓
El Sr. Luis sigue con la misma actividad de la fabricación de Guinches y mescladoras, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de un motor y materiales para su trabajo, en esta ocasión solicita el crédito para la compra de herramienta y materiales para la fabricación de sus productos ya que tiene pedidos en esta época ya que tiene mucha demanda de este productos.

Previous Loan Details

Sr. Luis is 58 years old and a widower with four children (ages 21, 14, 12, and 10). He manufactures winches and cement mixers in a workshop in the District of Pasankeri. This loan is his first with Emprender. Luis will use this loan to buy a motor for a winch and materials for his business. ... More from Luis Carlos'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
  • 105
    View loans »
    Bolivia Loans Fundraising
  • $29,134,625
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Luis Carlos to purchase tools and materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Luis Carlos. It was first posted on Kiva on Mar, 2012. Learn More