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Fermin
Fermín is 49-years-old and married with three children the ages 18, 16, and 14. He is an artisan who uses large reeds, a very hardy plant that requires much manual labor to use it. He lives in the community of Chilaya Grande, the touristic center of the Department of La Paz where he offers the public his reed craftwork such as chairs, ornaments, etc. The majority of the inhabitants of the island make a living through fishing and tourism. This loan is his first from this institution. Fermín is going to use the loan for the purchase of construction material for the construction of his house and also for the purchase of reeds to do his work and satisfy the demands of his clients. Fermín confronts challenges in his business that are sometimes due to the lack of materials for his handicrafts. Fermín is a person with the desire to excel. He is happy and grateful to the institution for its support since this is the only income he has to support himself.
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El Sr. Fermín tiene 49 años, casado con tres hijos d las edades de 18, 16 y 14 años, el es artesano en Plantas de Totora, es una planta muy resistente que tiene mucho trabajo manual para poder usarlo, el vive en la comunidad de Chilaya Grande, centro turístico del departamento de La Paz donde ofrecen al público sus artesanías de totoras como sillas, adornos, balzas, etc. la mayoría de los habitantes de esta isla se dedican a la pesca y el turismo, este préstamo es su primera secuencia dentro de la institución, el Sr. Fermin va a usar este préstamo para la compra de material de construcción para la construcción de su casa y también para la compra e totora para realizar su trabajo y así satisfacer la demandada de sus clientes, el Sr. Fermín enfrenta retos en su negocio que son a veces la falta de material para realizar sus artesanías, El Sr. Fermin es una persona con ganas de superación se siente feliz y agradecido con la institución por el apoyo brindado ya que esta es la única fuente de ingresos que tiene para mantenerse.

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.

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Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

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About Bolivia

  • $5,500
    Average annual income
  • 237
    View loans »
    Bolivia Loans Fundraising
  • $31,596,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Fermin to purchase construction material and materials for his craftwork.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 20, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 22, 2014