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Update on Reynaldo

Reynaldo is still doing the same work making pants. He says it went well with his former loan, since he used it to buy fabric for making pants.

On this occasion, he is requesting the loan to purchase fabric and clasps wholesale in order to make clothes, since he already has orders from institutions and he wants to stock up on this product and thereby generate more income this time.
View original language description ↓
El Sr. Reynaldo sigue con la misma actividad de confección de pantalones, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de tela para la confección de pantalones en esta ocasión solicita el crédito para la compra de tela al por mayor y cierres para confeccionar prendas ya que tiene pedidos de instituciones así que quiere abastecerse de este producto y así generar más ingresos esta época.

Previous Loan Details

Reynaldo, 26, is single and has no children. He works manufacturing jeans in his shop located in the 30 de Agosto zone. This loan is the second sequence within the institution and he will use it to buy fabric and supplies to sew his articles of clothing. The reason for requesting the loan is... More from Reynaldo'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
  • $36,229,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Reynaldo to buy fabric.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 20, 2013
Apr 6, 2013
Currency Exchange Loss:
Sep 17, 2013
This photo was used before for a previous loan for Reynaldo. It was first posted on Kiva on Mar, 2012. Learn More