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Oriol

Update on Oriol

Oriol continues with his same job selling basic staples in his neighborhood store. He says the previous loan went well for him because he used it to buy groceries and soft drinks.

Currently he's requesting a loan to buy merchandise such as groceries and cookies wholesale because his sales increased and he wants to stock his store.

He's happy and grateful about the opportunity he's being given to grow in his business.
View original language description ↓
El Sr. Oriol 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 y refrescos, en esta ocasión solicita el crédito para la compra de mercadería como abarrotes y galletas por mayor ya que incremento sus ventas y desea surtir su tienda, se siente feliz y agradecido por la oportunidad que le dan para crecer en su negocio.

Previous Loan Details

Mr. Oriol is 58 years old and has five sons who are all independent. He works selling a variety of basic needs products in his neighborhood store that is found in the same zone where he lives. This loan is his first sequence with the lending institution. Mr. Oriol is going to use this loan to p... More from Oriol'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
  • 78
    View loans »
    Bolivia Loans Fundraising
  • $29,441,350
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Oriol to buy merchandise such as groceries and cookies.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 5, 2013
Listed
Apr 17, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 22, 2014
This photo was used before for a previous loan for Oriol. It was first posted on Kiva on Aug, 2012. Learn More