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Oscar Luis

Update on Oscar Luis

Young Oscar continues in his seat and furniture upholstery business. He says he used the previous loan to buy leather and faux leather wholesale. On this occasion, he will buy leather and automobile seat upholstering materials since this is what gives him the most work. The material is fundamental for his job. He is grateful for the opportunity he is receiving because it allows him to grow and improve his business.
View original language description ↓
El Joven Oscar sigue con la misma actividad se dedica al tapizado de asientos y muebles, cuenta que le fue bien con el anterior crédito ya que lo utilizo en la compra de cuero y cuerina por mayor, en esta ocasión solicita el crédito para la compra de cuero y materiales para el tapizado de asientos de automóviles ya que tiene mucho trabajo y necesita este materia imprescindible para realizar su trabajo, se siente feliz y agradecido por la oportunidad que le brindan ya que está creciendo y mejorando su actividad.

Previous Loan Details

Young Oscar, 25, has been upholstering furniture and also cars for the last three years. This loan is his first sequence in the institution and he will use it to buy leather and faux leather by the roll; these materials will be useful for his work. Oscar is very happy because he has a large c... More from Oscar Luis'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
  • 113
    View loans »
    Bolivia Loans Fundraising
  • $36,698,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,500 helped Oscar Luis to buy leather and seat upholstery materials.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 13, 2013
Jul 9, 2013
Currency Exchange Loss:
Aug 8, 2013
This photo was used before for a previous loan for Oscar Luis. It was first posted on Kiva on Dec, 2012. Learn More