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Reina

Update on Reina

Reina continues with the activity of selling fruits. She reports doing well with her previous loan and that she used it for buying fruit and grew her business and increased her customer base and, thus, increased her income. This time she requests credit for the purchase of wholesale fruit. She is happy and grateful for this new opportunity presented to her as this is the only activity that allows her to keep supporting herself. She is an old client of this institution and all of her loans have been used in the growth of her business.
View original language description ↓
La Sra. Reina sigue con la actividad de la venta de frutas, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de de frutas , creció en su actividad e incremento su clientela, y por ende sus ingresos económicos, en esta ocasión solicito el crédito para la compra de frutas por mayor se siente feliz y agradecida por esta nueva oportunidad que le brindan ya que esta es la única actividad que le permite mantenerse es cliente antigua d ela institucion tods sus credito los utilizo en el crecimiento de su negocio.

Previous Loan Details

Reina continues selling fruit for a living. She says that her previous loan went well as she used it to buy fruit. She managed to grow her business, increase her number of customers and improve her income. On this occasion, Reina is requesting a loan to buy seasonal fruit. She feels happy ... More from Reina'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

  • $2,817
    Average annual income
  • 101
    View loans »
    Bolivia Loans Fundraising
  • $30,294,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Reina to purchase wholesale fruits.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2013
Listed
Oct 22, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 22, 2014
This photo was used before for a previous loan for Reina. It was first posted on Kiva on May, 2013. Learn More