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Andres Luis

Update on Andres Luis

Andrés continues with his work hiring out sound systems. He tells us that his previous loan went well as he used it to buy two sound systems. On this occasion he is applying for a loan to buy amplifiers and thus improve the power of his equipment. He has many contracts to provide sound services for different social occasions. Andrés is happy and grateful for this opportunity. His business is growing and he is improving his service.
View original language description ↓
El Sr. Andrés sigue con la misma actividad del servicio de amplificación, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de dos equipos de amplificación, en esta ocasión solicita el crédito para la compra de amplificadores y así mejorar la potencia de sonido para su amplificación, ya que tiene muchos contratos para aminar distintas actividades sociales , se siente feliz y agradecido por la oportunidad que le brindan ya que está creciendo y mejorando su actividad.

Previous Loan Details

Andrés is 41 years old. He is dedicated to lending amplification and light kit service, brightening up all kinds of events like baptisms, weddings, quinceaneras. He is the father of his family. He has three daughters who are school age. They live in the area of Santa Rosa. His work has been lendi... More from Andres Luis'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
  • 104
    View loans »
    Bolivia Loans Fundraising
  • $29,035,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Andres Luis to buy amplifiers.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 22, 2014
This photo was used before for a previous loan for Andres Luis. It was first posted on Kiva on Sep, 2012. Learn More