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Elio
Elio is 38 years old, married with 3 children who are ages 6, 1 and 12. Elio makes straw mattresses known as “payasas” which he sells to middlemen that take them to the more remote and rural towns of the department of Santa Cruz. His home is located in the area of Santa Rosa.

This loan is his first sequence within the institution. Elio is going to use this loan to buy raw material which in this case would be the straw that for the time being is green in color and it takes a while to dry out in order to be able to use it in the manufacture of mattresses for his business.

Elio faces challenges in his business such as that there are several people that also do the same activity and so he must produce the same mattresses faster. The inclement weather and low temperatures can also cause various difficulties for them. He is going to use the profits to improve his economic situation. His dream is to have more production in order to be able to get ahead with his children.
View original language description ↓
El Sr. Elio tiene 38 años, casado con 3 hijos que son de las edades de 6, 1, 12 años, el Sr. Elio realiza la elaboración de colchones de paja más conocidos como payasas la cual vende a intermediarios q los llevan hacia las poblaciones más alejadas y rurales del departamento de Santa Cruz, su domicilio se encuentra ubicado en la zona de Santa Rosa, este préstamo es su primera secuencia dentro de la institución, el Sr. Elio va a usar este préstamo para la compra de materia prima que en este caso sería la paja que por el temporal es de color verde por lo cual tarda en secarse para poderse utilizar en la elaboración de colchones para su negocio, el Sr. Elio enfrenta retos en su negocio que son existen varias personas también que realizan la misma actividad por lo cual deben tener una elaboración más rápida de los mismos colchones por lo cual, la inclemencia del tiempo y las bajas temperaturas puede causarles distintas dificultades, va a utilizar los beneficios poder mejorar su realidad económica, El deseo del cliente es tener más producción para poder sacar a sus hijos adelante.

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
  • 89
    View loans »
    Bolivia Loans Fundraising
  • $28,926,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Elio to buy straw for the manufacture of straw mattresses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014