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Update on Martin

Sr. Martin is continuing with the same business (agriculture), sowing potato, yucca, and a variety of vegetables. He says that his previous loan went well and that he used it to purchase seeds. He is now requesting a loan for the purchase of seeds for sowing potato and to prepare the land; in this season there is a great demand for this product.
View original language description ↓
El Sr. Martin sigue con la misma actividad de la agricultura, plantando papa, yuca y variedad de hortalizas, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de semillas, en esta ocasión solicita el crédito para la compra de semillas para la siembra de papa y también para el preparado de la tierra ya que esta época tiene mucha demanda de este producto.

Previous Loan Details

Martin is 57 years old, he is single and has 3 children who are already grown up. He works as a farmer and has a plot of land which is located in the locality of El Porvenir. Martin is a long-standing customer of the micro finance institution, as this loan is his fifth loan cycle with them. M... More from Martin'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
  • 118
    View loans »
    Bolivia Loans Fundraising
  • $36,714,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Martin to prepare the land and sow potato.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 5, 2013
May 30, 2013
Currency Exchange Loss:
Jul 17, 2014
This photo was used before for a previous loan for Martin. It was first posted on Kiva on May, 2012. Learn More