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Virginia is 45 years old. She is married and the mother of one son. Her business is selling blank CDs. She is a woman of strong character who is enterprising and a fighter. She works at her business Monday through Saturday all day long in the populated area of ’16 de Julio’ (El Alto), located in western Bolivia in the high plateau, four thousand feet above sea level, making it one of the highest cities in the world.

Virginia has dark skin, long black hair, and medium height. Her daily routine starts very early in the morning when she goes to the warehouse where she keeps her merchandise. She picks up her boxes to transport them to her sales spot and arrange them to be seen for sale. She does this work with her son who accompanies her. He is in charge of the transportation and he leaves his mother with everything ready and then he goes to his classes.

Virginia's dream is to see her son graduate from college. She wants hi to go to school and finish his major so that he can have a better future. She helps him with his college expenses and that is why she seeks a way to increase her income, expanding her business' inventory.

That is why Virginia is asking for a loan to increase her inventory and with the profits help her son finish college.
View original language description ↓
Virginia es una mujer de 45 años de edad casada, madre de un hijo y su negocio es el comercio de cd’s en blanco.
Ella es una mujer de carácter fuerte, luchadora y emprendedora, su negocio lo realiza de lunes a sábado durante todo el día en la populosa zona ’16 de Julio’ (El Alto) situada al oeste de Bolivia, en la meseta altiplánica a una altura de cuatro mil metros sobre el nivel del mar, lo que la hace una de las ciudades más altas del mundo.
Virginia es de tez morena, cabello negro largo, estatura mediana, su rutina diaria comienza muy temprano por la mañana, cuando se dirige a un depósito dónde guarda su mercadería y recoge sus cajas para transportarlas hasta su puesto de venta y acomodarlas para que se vean a la venta, esta labora la realiza junto a su hijo que la acompaña y se encarga del transporte para dejar a su madre con todo listo y luego continuar con sus estudios.
El sueño de Virginia es ver a su hijo profesional, ella quiere que su hijo estudie y logré terminar su carrera, para que él tenga un futuro mejor, ella lo ayuda con los gastos universitarios y es por eso que busca la manera de incrementar sus ingresos ampliando el stock de su negocio.
Es por esos motivos que Virginia solicita un préstamo para la ampliación de su stock y con los beneficios ayudar a su hijo a terminar la universidad.

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.


About Bolivia

  • $5,500
    Average annual income
  • 142
    View loans »
    Bolivia Loans Fundraising
  • $33,337,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Virginia to increase her inventory and with the profits help her son finish college.
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Jul 3, 2014
Aug 4, 2014
Currency Exchange Loss:
Sep 3, 2014