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Update on Fredy

Fredy continues with the same business, making and selling bread and pastries. At this time he asks for a loan to buy flour and butter wholesale to make bread. He says that he did very well with the last loan, as his business has grown.
View original language description ↓
El Sr. Fredy sigue con su misma actividad de elaboración y venta de pan y repostería, en esta ocasión solicita el crédito para la compra de harina y manteca por mayor para la elaboración de pan, cuenta que le fue muy bien con el crédito ya que creció en su actividad

Previous Loan Details

Fredy is 38 years of age, married, and has three children aged 6, 3 and 1 year of age. He works as a pastry chef, making and selling bread, cookies and cakes in one of the busiest streets in the area of Pampahasi. This is his first loan with this institution. Fredy plans to use this loan to b... More from Fredy'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
  • 124
    View loans »
    Bolivia Loans Fundraising
  • $36,721,100
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Fredy to buy flour and butter.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jan 31, 2013
Feb 23, 2013
Currency Exchange Loss:
Oct 17, 2013
This photo was used before for a previous loan for Fredy. It was first posted on Kiva on Sep, 2012. Learn More