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Hugo Efrain
Hugo, 33, has two children aged 2 and 8 months. He works selling mobile phones. This loan is his first sequence in the institution and Hugo will use it to buy mobile phone merchandise at wholesale to stock his business. His reason for requesting the loan is to increase his working capital. The business challenge Hugo faces is to increase sales. He will use profits to continue buying merchandise to continue improving his business thus continuing to generate more income and as a result improving his quality of life. Hugo feels happy and grateful for the opportunity being granted since this is the only activity he has that allows him to support his family.
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El Sr. Hugo tiene 33 años, tiene dos hijos de las edades de 2 años y un bebe de 8 meses, el se dedica a la venta de celulares, este préstamo es su primera secuencia dentro de la institución, el Sr. Hugo va a utilizar este préstamo para la compra de mercadería celulares por mayor para surtir su negocio, su razón para solicitar este préstamo es incrementar su capital de trabajo, El Sr. Hugo enfrenta retos en su negocio que son tener una buena venta y va a utilizar los beneficios en seguir comprando mercadería para seguir mejorando su negocio y así de esta manera seguir generando más ingresos y por ende mejorar su calidad de vida, el Sr. Hugo se siente feliz y agradecido por la oportunidad que le brindan ya que esta la única actividad que permite mantener a su familia.

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

  • $2,817
    Average annual income
  • 134
    View loans »
    Bolivia Loans Fundraising
  • $29,670,850
    Funds lent in using Kiva
  • 7.0
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Hugo Efrain to buy mobile phones at wholesale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2013
Listed
May 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014