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Teresa is a 49-year-old woman who is married with no children. She makes a living from her business making fireworks. Her husband works with her and is in charge of the same business they both participate in. These fireworks are present at nearly all social events in her community; everyone knows them and they are always recognized. Teresa is constantly supporting her community, organizing fundraisers to feed street kids. Teresa doesn't have a store and she works by request. Her dream is to have her own store and a lot of fireworks on display. For this reason, Teresa is asking for a loan to buy material for fireworks to help street kids.
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Teresa es una mujer de 49 años de edad casada sin hijos.
Su vida la ocupa en su negocio; la elaboración de fuegos artificiales pirotécnicos, su esposo la colabora y se encarga del mismo negocio ambos participan. Estos fuegos artificiales están presentes en casi todo acto social de su comunidad, todos los conocen y siempre son reconocidos.
Teresa aporta a su comunidad constantemente, organizando verbenas de recaudación de fondos para alimentar a los niños de la calle. Teresa no tiene tienda y trabaja a pedido, su sueño es tener su propia tienda y muchos fuegos artificiales en exposición.
Es por esos motivos que Teresa solicita un préstamo para la compra de material de fuegos artificiales para ayudar a los niños de la calle.

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 an innovative flexible loan schedule. Because this product is 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.


About Bolivia

  • $5,500
    Average annual income
  • 164
    View loans »
    Bolivia Loans Fundraising
  • $33,362,700
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Teresa to buy material for fireworks to help street kids.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Jun 20, 2014
Jul 13, 2014
Currency Exchange Loss:
Jul 17, 2015