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Virginia

Update on Virginia

Virginia continues with her same activity, tire repair for vehicles. She says that the previous loan went well for her, because she used it to buy construction materials. At this time, she is asking for the loan to expand and but a vehicle to work and receive daily rent, improving her income. She is happy and grateful for the opportunity she is being given to grow her business.
View original language description ↓
La Sra. Virginia sigue con la misma actividad de llantera. Arreglo de llantas de movilidades cuenta que le fue bien con el anterior crédito ya que lo utilizo para la compra de material de construcción, en esta ocasión solicita el crédito para aumentar para la compra de movilidad para hacerle trabajar y recibir una renta diaria y así mejorar sus ingresos, se siente feliz y agradecida por la oportunidad que le dan para crecer en su negocio.

Previous Loan Details

Virginia is 33 years old and married with four children, ages 14, 11, 9 and 3. She works in tire repair; she inflates vehicle tires, patches tires - everything that has to do with fixing vehicle tires. Her shop is located in the area of the village Copacabana. This loan will be Virginia's fir... More from Virginia'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
  • 77
    View loans »
    Bolivia Loans Fundraising
  • $28,685,150
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Virginia aumento para la compra de una movilidad.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2013
Listed
May 9, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 22, 2014
This photo was used before for a previous loan for Virginia. It was first posted on Kiva on Apr, 2012. Learn More