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Maria Dora

Update on Maria Dora

Maria continues with the same business baking and selling bread. She reports that the previous loan worked out very well for her, since she used it to buy supplies because her production has recently increased. On this occasion she requests the loan in order to purchase flour, butter and other wholesale supplies for baking bread, because her clientele has been growing of late.
View original language description ↓
La Sra. Maria sigue con la misma actividad de la elaboración y venta de pan conversando con ella nos conto que le fue muy bien con el crédito ya que lo utilizo en la compra de insumos ya que ahora incremento su producción, ahora en esta ocasión solicita el crédito para la compra de harina, manteca y demás insumos por mayor para la elaboración de pan ya que en este último tiempo incremento su clientela.

Previous Loan Details

María is 60 years old. She is a widow with a 16-year-old son. She makes and sells bread. She has a bakery that is very well-known in the area. This loan is her third one with the institution. María will use this loan to buy flour, butter, and yeast to make bread. Her reason for asking for this loan… More from Maria Dora'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
  • 73
    View loans »
    Bolivia Loans Fundraising
  • $28,639,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Maria Dora to purchase flour and yeast for baking bread.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
May 2, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Maria Dora. It was first posted on Kiva on Jun, 2012. Learn More