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Juan Santiago

Update on Juan Santiago

Juan continues in his same activity, sand blasting. He says that it went well for him with the previous loan, because he used it to buy work tools. On this occasion, he is asking for the loan to buy a water pump with more power for the sand blasting. He feels happy and grateful for the opportunity he is being given to grow his business and improve his quality of life.
View original language description ↓
El Sr. Juan sigue con la misma actividad del lavado de arena, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de herramientas de trabajo, en esta ocasión solicita el crédito para la compra de un abomba de agua de mayor potencia para el lavado de arena, se siente feliz y agradecido por la oportunidad que le dan para crecer en su negocio, mejorar su calidad de vida.

Previous Loan Details

Juan continues to work in the same field, sand blasting. Things went well for him with the previous loan and he bought land so he’s happy. Now he’s asking for a loan to buy tools to do his work in a more efficient manner. His current tools are worn out and this affects his ability to do good wo... More from Juan Santiago'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

  • $5,500
    Average annual income
  • 155
    View loans »
    Bolivia Loans Fundraising
  • $32,292,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Juan Santiago to buy a water pump with more power.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 23, 2013
Jun 12, 2013
Currency Exchange Loss:
Dec 21, 2013