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Mario Esteban
Mario is a single, 40-year-old father of two. He has worked in many different areas during his life including art and tailoring. He recently managed to buy a sewing machine, which helped him start his business making sports tracksuits for children. He buys the fabric, designs the patterns and once the tracksuits are finished, he offers them for sale to businesses. The design and sewing are straightforward, but selling the tracksuits to businesses can be difficult, as there are people who don't want to know or who even steal from him. Mario works with his eldest son, aged 17, who helps him sew and in that way earns some money to pay for his schooling. Mario needs to grow his business in the short term and dreams of one day having his own store, where he can offer all of his items for sale. He also wants a better future for his children and this could be the start of it. Mario wants to buy an overlocking machine to increase his output, For this reason, he is requesting a loan to buy the overlocking machine to increase his production and his merchandise.
View original language description ↓
Mario es un hombre soltero de 40 años de edad y padre de 2 hijos.
Él tuvo muchos oficios en su vida entre ellos el arte de la costura, recientemente logró comprar una máquina de coser, con la cual dio inicio a su emprendimiento, su negocio consiste en la confección de buzos deportivos para niños, compra la tela diseña los moldes y una vez terminadas los ofrece a la venta en lugares comerciales; “ el diseño y la costura es un trabajo sencillo, la venta ambulante es un poco difícil la gente te hecha de las puertas de sus negocios, también existen ladrones”, comenta Mario.
Mario trabaja junto a su hijo mayor (17) quién lo ayuda en la costura y así también gana dinero para pagar sus estudios secundarios. Mario necesita expandir su negocio a corto plazo y sueña algún día tener un lugar fijo de venta dónde pueda exponer todos sus artículos, también busca un futuro para sus hijos y esto podría ser un comienzo. Mario quiere comprar una máquina de costura overlock para incrementar su producción.
Es por esos motivos que Mario solicita un préstamo para la compra de una máquina de costura overlock para incrementar sus productos y mercadería.

Additional Information

More information about this loan

This loan is part of an innovative partnership between Kiva Labs and Innovations for Poverty Action to evaluate the effects of product design changes on the welfare of micro-entrepreneurs and on the viability of microfinance institutions. Through this partnership, Emprender is testing several alterations to existing products that aim to address the limitations of financial services currently available to the poor by offering lower interest rates and/or more flexible payment dates. This loan is being offered to the borrower with innovative flexible loan schedule and a reduced interest rate. Because this product is low-interest, previously untested and potentially riskier for the microfinance institution, funding this loan on Kiva is particularly important to Emprender.

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.

Tags

About Bolivia

  • $2,817
    Average annual income
  • 81
    View loans »
    Bolivia Loans Fundraising
  • $28,055,575
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Mario Esteban to buy an overlocking sewing machine.
0% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 11, 2014
Listed
Jul 5, 2014
Currency Exchange Loss:
Possible