Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description

EMPRENDER is an MFI (Microfinance Institution) set up as a non-profit organization that provides financial services to micro-entrepreneurs in Bolivia’s towns and rural areas. EMPRENDER is committed to the advancement of underprivileged people and the promotion of a more fair and just society. Using its ownership equity, EMPRENDER works for the economic advancement of its micro-entrepreneurs: people who lack access to traditional bank loans and other conventional types of credit.

EMPRENDER began operating in 1999 with a flagship program located in Chasquipampa, 35 km outside the city of La Paz. Its goals were to put into practice a business plan and coherent operating methods suitable for small businesses and to achieve success. It would focus more on serving clients in remote areas. EMPRENDER knows the importance of having its offices physically present and prepared to serve the towns and rural areas.

Since 2000, it expanded to the cities of El Alto Santa Cruz and Cochabamba.

EMPRENDER currently operates with a fourteen-office network; five offices in La Paz, four in Santa Cruz (one in El Torno and three in Santa Cruz), one in El Alto, and four in Cochabamba (one in Colcapirhua, one in Sacaba and two in the city of Cochabamba).


To become a key instrument in the development process of small-business owners in our country’s towns and rural areas, promoting the generation of income and jobs, improving the quality of life in the small-business sector, and as an institution becoming a permanent fixture in the area.

EMPRENDER offers TEN services

1. Solidarity Loan

A solidarity loan is granted to groups of micro-entrepreneurs who have been in business for more than 6 months, and have been reviewed and approved by the Loan Officer. The members of Solidarity Group support each other in any eventuality and, as a result of this mutual support, they become each other’s primary surety for future loans. Punctual clients receive regular sums of money depending on their ability to repay the amount, the payment due date, and installments that increase over time. The loan is usually used for working capital.

2. Village Banks or Entreneurship Banks

This is a comprehensive loan service intended for a larger group of people than the Solidarity Loan with a focus on entrepreneurship giving priority to helping female small-business owners generate income. This service also includes a saving component which looks to teach group members about the social and economic value of saving.

3. Rural Loan

This is designed for farmers located in rural areas of Bolivia. It can only be used for agricultural production and is currently offered in two of Emprender's branches.

4. Individual Loan

This is a service for existing clients who have worked in a group. This loan is granted to clients who have participated in the solidarity group, have a good credit history, prove to be able to make payments and who have good growth potential. This loan is also granted to new clients that have been recommended by a former client. In general, this service is geared towards small-business owners with additional surety and who are in a better financial position.

5. Housing Loan

Emprender created this product to enable clients to repair, remodel, or conduct basic home construction.

6. Student Loan

This product looks to cover college students' expenses to access higher education.

7. Water access & Sanitation Loan

In cooperation with the Fundacion SODIS, Emprender has created a product which looks to provide water access to its borrowers. This credit will fund the following: acquisition of water running and ecological toilets, water filters, water tanks and connection to the municipality water pipeline system.

8. Opportunity Loan

This is for clients who need immediate liquidity due to the rapidly changing nature of their business.

9. Cheap/Fast Loan

This product is intended for clients who require a quick inflow of cash. The amount is limited to 1,000 USD. Disbursments usually occur the same day of request

10. Campaign Loan

This credit is reserved for individual clients or village bank clients who have an opportunity for their business that they cannot pass up. This usually occur at specific points during the year mainly at christmas.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 9, 2008 Oct 12, 2005
Total Loans $10,420,375 $864,089,775
Amount of raised Inactive loans $4,700 $378,925
Number of raised Inactive loans 1 245
Amount of Paying Back Loans $1,171,650 $136,644,550
Number of Paying Back Loans 686 166,002
Amount of Ended Loans $9,244,025 $727,066,300
Number of Ended Loans 6,712 903,193
Delinquency Rate 1.60% 8.22%
Amount in Arrears $11,114 $7,295,607
Outstanding Portfolio $695,867 $88,711,476
Number of Loans Delinquent 45 22,238
Default Rate 0.47% 1.32%
Amount of Ended Loans Defaulted $43,682 $9,621,719
Amount of Ended Loans $9,244,025 $727,066,300
Number of Ended Loans Defaulted 97 26,679
Currency Exchange Loss Rate 0.00% 0.43%
Amount of Currency Exchange Loss $0 $3,748,624
Refund Rate 1.03% 0.64%
Amount of Refunded Loans $107,525 $5,544,100
Number of Refunded Loans 48 5,818

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 68.97% 74.85%
Average Loan Size $589 $407
Average Individual Loan Size $919 $640
Average Group Loan Size $3,591 $1,805
Average number of borrowers per group 8.6 7.8
Average GDP per capita (PPP) in local country $5,500 $5,937
Average Loan Size / GDP per capita (PPP) 10.71% 6.86%
Average Time to Fund a Loan 11.42 days 6.9 days
Average Dollars Raised Per Day Per Loan $51.61 $59.06
  Average Loan Term 10.99 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,598 438,945
  Journaling Rate 35.71% 41.47%
  Average Number of Comments Per Journal 0.02 0.05
  Average Number of Recommendations Per Journal 0.92 1.29

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 32% PY 20.00% PY 27.39% PY
  Profitability (return on assets) 1.6% 1.5% -0.64%
  Average Loan Size (% of per capita income) 27.00% 88.00% 19.18%

Country Fast Facts

Field Partner Staff

Alvaro Castro
Omar Choque Tolino
Francisco Loza Murguia
Juan Quisbert
Christian Rivera Villarroel
Elder Salazar Peredo
Jose Luis Villarroel