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Daniel

Update on Daniel

Daniel continues with the same business, making sports jackets. This time he is requesting a loan in order to buy fabric in bulk for making his clothes. He states that it went very well for him with the last loan, which he also used for buying fabric. His orders and his income increased, and now he has a large clientele.
View original language description ↓
El Sr. Daniel sigue con la misma actividad de la confección de chamarras deportivas, en esta ocasión solicita el crédito para la compra de tela por cantidad para la confección de sus prendas, cuenta que le fue muy bien con el crédito ya que utilizo en lo mismo compra de telas, incremento sus pedidos y por ende sus ingresos ya tiene mucha clientela.

Previous Loan Details

Daniel has been in the sewing business for several years and learned the trade when he left his country in search of a better future for himself. He makes jackets and sport clothes in the workshop he has in his home in the town of El Torno. This is his first loan through the institution and he ... More from Daniel'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
  • 85
    View loans »
    Bolivia Loans Fundraising
  • $29,017,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Daniel to buy wholesale fabric.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Sep 11, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 22, 2014
This photo was used before for a previous loan for Daniel. It was first posted on Kiva on Jul, 2013. Learn More