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Update on Mario

Mario, 50, lives in Puerto Rico and sells potatoes in Torno. He buys potatoes wholesale from farmers in the area and in the city of Sucre and later resells them. He is separated from his wife. He has two adult children who live with him. He will use the loan to buy potatoes at wholesale as he already has orders to deliver because the demand is high these days, and he wants to take advantage of it. The previous loan cycle went well, and now he needs money to go to Sucre, where he buys a lot of potatoes. He is in his tenth loan cycle and has always been punctual with payments. He feels happy and very grateful for the financial help provided by the institution.
View original language description ↓
El señor Mario tiene 50 años de edad, vive en la localidad de Puerto Rico, el se dedica a la compra y venta de papa en la localidad de el Torno compra por mayor de los campesinos de la zona y también de la ciudad de Sucre y luego lo revende, el señor es separado de su esposa, tiene dos hijos los cuales son mayores de edad pero viven con el. El destino del crédito es para la compra de papa por mayor ya que tiene bastante pedido para entregar ya que hay mucha demanda en estos días y quiere aprovechar eso ya que con el anterior crédito le fue muy bien y ahora necesita el dinero para ya que realizara el viaje a Sucre de donde trae también una buena cantidad de papa, El se encuentra en su decima secta secuencia, siempre a cancelado puntual, por tal motivo se siente feliz y muy agradecido por el apoyo económico brindado por la institución.

Previous Loan Details

Mario lives in the town of Puerto Rico. He buys and sells in Torno, buying potatoes wholesale from the farmers of the area, and also from the city of Sucre, and later he resells them. He is separated from his wife. He has two children. They are adults but live with him. He will use the mone... More from Mario's previous loan »

Additional Information

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.

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.

About Bolivia

  • $5,500
    Average annual income
  • 110
    View loans »
    Bolivia Loans Fundraising
  • $36,698,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,000 helped Mario to buy potatoes wholesale.
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 31, 2012
Jul 7, 2012
Currency Exchange Loss:
Aug 6, 2012