Update on Rocio MaribelRocío is a 33-year-old woman who is a housewife and the mother of two children. Her new business is a sewing workshop.
Rocío is an enterprising, strong, and determined woman. Her success in business has led her to look for new activities for generating more income to improve her family’s quality of life. She works all day, Monday through Saturday.
Rocío has a tan complexion, medium height, and dark hair. Her previous business was a kiosk where she sold candy and cookies. Now she is looking to finance a new business, a sewing workshop that will diversify her activities and allow her to compete in the market. For these reasons, Rocío is requesting a loan so that she can open her sewing workshop and be able to gain a foothold in the market.
Ella es una mujer emprendedora, fuerte y luchadora; su éxito en los negocios la ha llevado a buscar nuevas actividades para generar mejores ingresos económicos para mejorar la calidad de vida de su familia, su trabajo lo realiza de lunes a sábado durante todo el día.
Rocío es de tez morena estatura media y cabello obscuro, su negocio anterior es un kiosco donde vende dulces y galletas y ahora busca financiar su nuevo negocio; un taller de costura para diversificar sus actividades y competir en el mercado.
Es por esos motivos que Rocío solicita un préstamo para la apertura de un taller de costura y poder competir en el mercado.
Previous Loan DetailsSeñora Roció has as her activity the sale of food and tending a stall where she sells candies and cookies. She performs this activity every day of the week. She is a young person and a hard worker. Her family is composed of her husband, who also works as a kitchen assistant in a club of the… More from Rocio Maribel's previous loan »
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 EmprenderEmprender 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.
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