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Alex

Update on Alex

Alex is continuing with the same business of building furniture and doors. On this occasion he is requesting the loan so that he can buy tools for carrying out his work.

He says that it went well with the previous loan, as he used it to buy wood for doing his work.

He is grateful to the Kiva lenders for the support offered, as this loan helps him to improve his business and therefore his quality of life.
View original language description ↓
El Sr. Alex sigue con la misma actividad de la construcción de muebles y puertas, en esta ocasión solicita el crédito para la compra de herramientas para realizar su trabajo, Cuenta que le fue bien con el anterior crédito ya que lo utilizo en compra de madera para realizar su trabajo, se siente agradecido con los prestamistas de Kiva por el apoyo brindado ya que este prestamos le ayuda a mejora su negocio y por ende su calidad de vida.

Previous Loan Details

Alex, age 30, has two six year old children. He builds doors and kitchen furniture. His carpentry business is in the Plan 3000 area in the city of Santa Cruz. He has been engaged in this business activity for ten years. He learned how to do this from his father, who also was a carpenter.… More from Alex'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
  • 73
    View loans »
    Bolivia Loans Fundraising
  • $28,639,275
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Alex to buy tools.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2013
Listed
Oct 26, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 22, 2014
This photo was used before for a previous loan for Alex. It was first posted on Kiva on May, 2013. Learn More