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Yelica

Update on Yelica

Sra. Yelica continues her business of making and selling bread, which is doing very well. Her previous loan was used to buy an oven for making bread and empanadas. She grew her business and increased her clientele, which resulted in more income.


On this occasion, she is requesting a loan so that she can buy supplies for making bread, such as sugar and flour in bulk. Yelica is pleased and appreciative of this new opportunity that has been given to her.

View original language description ↓
La Sra. Yelica sigue con la actividad de la elaboración y venta de pan cuenta que le va muy bien, el anterior crédito lo utilizo en la compra de horno para la elaboración de pan y empanadas, creció en su actividad e incremento su clientela, y por ende sus ingresos económicos, en esta ocasión solicito el crédito para la compra de insumos para la elaboración de pan como azúcar y harina, por mayor, se siente feliz y agradecida por esta nueva oportunidad que le brindan.

Previous Loan Details

Sra. Yelica is 31-years old and has a 13-year old son. She makes and sells empanadas and a variety of pastries. Her store is located in the Guapuru area. This will be Yelica's second loan with this institution. She plans to use it to buy a bigger oven. The biggest problem she faces is competit... More from Yelica'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
  • 98
    View loans »
    Bolivia Loans Fundraising
  • $28,726,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Yelica to buy flour and sugar in bulk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Yelica. It was first posted on Kiva on Jul, 2012. Learn More