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Rosario

Update on Rosario

Mrs. Rosario continues tailoring garments. She says that the previous loan was useful for her and she used it to buy fabrics. With this loan, Mrs. Rosario will buy varied fabrics in order to have a wider variety of products to offer to her customers.
View original language description ↓
La Sra. Rosario, sigue con la actividad de confección de prendas de vestir, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de tela, la Sra. Rosario va a usar este préstamo para la compra variedad de telas de esta manera brindar variedad de productos a sus clientes

Previous Loan Details

Mrs. Rosario is 62 years old and widowed. She works making dresses, shirts, and comforters in her shop in her own home. Rosario is an old client of this institution, with this being her fourth loan. Rosario will use this loan to buy fabric and fiber for making clothing, as she has an order to fil... More from Rosario'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
  • 135
    View loans »
    Bolivia Loans Fundraising
  • $29,671,575
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Rosario to buy a variety of fabrics.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2013
Listed
Apr 16, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014