Update on MarthaMartha continues selling auto spare parts. She says that the previous loan was helpful and that she used it to buy different spare parts. This time, she is requesting a loan for the same purpose: to buy spare parts in bulk.
Martha feels happy and grateful for the opportunity she is given to expand her business.
La Sra. Martha sigue con la misma actividad de la venta de repuestos de automóviles, cuenta que le fue bien con el anterior crédito ya que lo utilizo para la compra de variedad de repuestos, en esta ocasión solicita el crédito para lo mismo compra de repuestos para automoviles por mayor, se siente feliz y agradecida por la oportunidad que le dan para crecer en su negocio.
Previous Loan DetailsMartha, 39, is separated; she has three children who are 17, 12 and 8 years old. She sells auto spare parts in a stand in the 16 de Julio zone, the most crowded street fair in the city of El Alto. This loan is her first sequence within the institution. Martha will use the loan to buy auto spare… More from Martha's previous loan »
About EmprenderEmprender 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- May 9, 2013
- May 7, 2013
- Currency Exchange Loss:
- Sep 22, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.