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Monica Gladys

Update on Monica Gladys

Monica keeps on doing the same activity of selling cleaning products. She says that she did very well with the previous loan since she used it to buy a variety of cleaning products. This time she is requesting the loan to buy a variety of products to stock her business. Each loan she gets is to always improve her business and thus her financial income. She is very thankful to the Kiva lenders because she improved her business with the support they give her.
View original language description ↓
La Señora Monica sigue con la misma actividad de la venta de productos de limpieza, cuenta que le fue muy bien con el anterior crédito ya que lo utilizo en la compra de variedad de productos de limpieza, en esta ocasión solicita el crédito para la compra de variedad de productos para surtir su negocio, cada crédito que saca siempre es para mejorar su negocio, y por ende sus ingresos económicos se siente agradecida con los prestamistas de kiva ya que con el apoyo que le brindan mejoro su negocio.

Previous Loan Details

Mónica, 23, is married and has a one-year-old child. She sells personal care and cleaning products, such as shampoo, soap, combs, towels and a variety of items at the stall she has in one of the busiest areas of the city of El Alto. This is her first loan through the institution and she plans... More from Monica Gladys'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
  • 108
    View loans »
    Bolivia Loans Fundraising
  • $28,862,525
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,450 helped Monica Gladys to buy products at wholesale prices.
58% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2014
Listed
Apr 23, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Monica Gladys. It was first posted on Kiva on Jun, 2013. Learn More