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Wilson

Update on Wilson

Wilson continues in the same business, making sports clothing. He says that his previous loan worked out well because he used it to buy an overlock machine for making clothing. On this occasion, he is requesting a loan to buy fabric wholesale as well as clothes fasteners. He has orders from institutions and would like to stock up with these products so that he can make more income this season.
View original language description ↓
El Sr. Wilson sigue con la misma actividad de confección de ropa deportiva, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de una maquina over para la confección de prendas de vestir, en esta ocasión solicita el crédito para la compra de tela al por mayor y cierres para confeccionar prendas ya que tiene pedidos de instituciones así que quiere abastecerse de este producto y así generar más ingresos esta época.

Previous Loan Details

Wilson is 19 years old. He works in the manufacture and alteration of clothing. He has done this work for 2 years. His shop is located in the north zone of the city of La Paz. This loan is his first cycle within the institution. Wilson will use this loan for the purchase of a sewing machine to ma... More from Wilson'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.

Tags

About Bolivia

  • $5,500
    Average annual income
  • 224
    View loans »
    Bolivia Loans Fundraising
  • $31,480,250
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Expired
A loan of $1,325 helped Wilson to buy fabric for making sports clothing.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 28, 2013