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Timoteo
Timoteo, 46, is a fisherman who lives on an island in Lake Titicaca, a touristic center of the department of La Paz where artisan crafts made of reeds and wool are offered to the public. The majority of the island's inhabitants work in fishing and tourism.

This is his second loan with the institution. Timoteo will use this loan to buy a fishing boat with a higher capacity. The product of his fishing is sold in the city of La Paz. With this new boat, he would like to improve his production and thus satisfy the demands of his clients.

Timoteo faces challenges in his business, such as the wind that keeps him from fishing because of the waves it produces. Timoteo is a person with a desire to succeed. He is happy and grateful to the institution for the support they have given him, because this is the only source of income he has to sustain himself.
View original language description ↓
El Sr. Timoteo tiene 46 años, el es pescador el vive en una isla Del lago Titicaca, centro turístico del departamento de La Paz donde ofrecen al público artesanías de totoras y en lana, la mayoría de los habitantes de esta isla se dedican a la pesca y el turismo, este préstamo es su primera secuencia dentro de la institución, el Sr. Timoteo va a usar este préstamo para la compra de una bote pesquero de mayor capacidad su mercadería producto de su pesca lo venden en la ciudad de La Paz y con este nuevo bote quiere incrementar su producción y así satisfacer la demandada de sus clientes, el Sr. Timoteo enfrenta retos en su negocio que son el viento que no le permite pescar por el olaje que levanta, el Sr. Timoteo es una persona con ganas de superación se siente feliz y agradecido con la institución por el apoyo brindado ya que esta es la única fuente de ingresos que tiene para mantenerse.

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.

About Bolivia

  • $5,500
    Average annual income
  • 223
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Timoteo to buy a new boat to improve his fishing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
May 8, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014