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Filomena

Update on Filomena

Señora Filomena continues selling basic staples in her neighborhood store. She says that everything went very well for her with her previous loan, which she used to purchase merchandise and stock her store. She is able to offer more and more items at her store thanks to Kiva loans. She requests this loan to purchase merchandise, such as beverages, at wholesale prices which will help her improve her business and her earnings.
View original language description ↓
La Señora filomena sigue con la misma actividad de la venta de productos de su primera necesidad en su tienda de barrio, cuenta que le fue muy bien con el anterior crédito ya que lo utilizo en la compra de mercadería, ya que surtió su tienda que cada día está más surtida gracias a los créditos de Kiva , en esta ocasión solicita el crédito para la compra de mercadería como refrescos por mayor y así seguir mejorando su negocio y por ende sus ingresos económicos.

Previous Loan Details

Señora Filomena continues the same work of selling basic staples in her neighborhood store. She says it went well with her previous loan since she used it to buy groceries. This time she asks for the loan in order to buy merchandise like wholesale sweets and soft drinks because it increased her ... More from Filomena'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
  • 130
    View loans »
    Bolivia Loans Fundraising
  • $29,659,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Filomena to purchase beverages to stock her shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 22, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 22, 2014
This photo was used before for a previous loan for Filomena. It was first posted on Kiva on Apr, 2013. Learn More