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Monica Marizela

Update on Monica Marizela

Monica continues working in the same business: making and selling bread. Speaking with her, she told us that her previous loan was very helpful as she used it to buy a larger-capacity stove and thereby increased her production. On this occasion, she is requesting a loan to buy flour, butter and other supplies for making bread as her number of customers has increased recently.
View original language description ↓
La Sra. Monica sigue con la misma actividad de la elaboración y venta de pan conversando con ella nos conto que le fue muy bien con el crédito ya que lo utilizo en la compra de un horno de mayor capacidad y ahora incremento su producción, ahora en esta ocasión solicita el crédito para la compra de harina, manteca y demás insumos para la elaboración de pan ya que en este último tiempo incremento su clientela.

Previous Loan Details

Mónica is a long-time client that is in her third loan cycle with our institution. She makes empanadas, cookies, and bread. She is requesting the loan to buy an industrial oven. Mónica has been working as a baker for two years. She lives in the Tacagua neighborhood, in her parent’s house. She sel... More from Monica Marizela'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
  • 120
    View loans »
    Bolivia Loans Fundraising
  • $34,651,350
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Monica Marizela to buy flour.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 7, 2013
Mar 7, 2013
Currency Exchange Loss:
Mar 22, 2014
This photo was used before for a previous loan for Monica Marizela. It was first posted on Kiva on Feb, 2012. Learn More