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Irene Elena

Update on Irene Elena

Irene continues with her same activity making pillows and pillowcases. On this occasion she’s requesting the loan to buy fabric in quantity to sew clothes. She relates that she did very well with the previous loan for she used it to buy various machines. Her orders increased and so did her income as a result. She has a lot of customers now.
View original language description ↓
La Sra. Irene sigue con la misma actividad de la confección de almohadas y fundas, 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 la compra de distintas maquinas, incremento sus pedidos y por ende sus ingresos ya tiene mucha clientela.

Previous Loan Details

Irene has her workshop in her own home. She continues with the same activity of the production of cushions in quantity of all types and sorts, and also produces many other items of clothing, like, for example, socks for babies. The material for the socks comes from the leftover material from the ... More from Irene Elena'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
  • 94
    View loans »
    Bolivia Loans Fundraising
  • $28,867,525
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Irene Elena to buy fabric.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014