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Update on Elmer

Elmer is 35 years old and married with two children, ages 6 and 7. He works as a welder, and he will use this loan to buy materials for his business. His reason for applying for this loan is to increase his capital. He will use the profits to improve his quality of life and that of his family.
View original language description ↓
El Sr. Elmer tiene 35 años y es casado con 2 hijos que son 6 y 7 años, el es de ocupación soldador va a usar este préstamo para la compra de material de trabajo por su negocio. Su razón para solicitar este préstamo es aumento de capital y va a utilizar los beneficios para mejorar su calidad de vida y la de su familia.

Previous Loan Details

Elmer, 34, is married with two children aged 5 and 6. He is a welder and works in a workshop in the town of Junta Pirai. This is his first cycle with the institution. Elmer will use this loan to purchase a motorcycle, which he needs to be able to carry out his work efficiently and fulfill his ... More from Elmer'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
  • 123
    View loans »
    Bolivia Loans Fundraising
  • $36,721,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Elmer to buy work materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 11, 2013
Feb 1, 2013
Currency Exchange Loss:
Mar 17, 2014